Repayment Plan Student Loan Questions?
Based on the fact that I was a child of a middle class family less without special talents for a scholarship fund that had a majority of my education with student loans for a total of 34,000. What do you suggest now that I have to repay. Should I 1) Get a second job to repay loans as quickly as possible or 2) Pay more than the minimum monthly payment for completing a few years early or 3) Pay the minimum payment and finish paying off the loans when I 55. I do not intend to buy a house or real estate in the near future and I realize that the repayment of loans is a great way to build credit. Which of the three routes should I take to repay loans?? Serious answers only.
Pay them as quickly as possible so you can move forward with your life. They should not be left open (unpaid or paid leave … slower than you can afford) to build your credit. These thousands of extra dollars you pay in interest does not justify the effect Almost non-existing loans will be positive on your credit. You will have a greater impact pay Departure early then paying them for the next 30 years because Your debt / income is too high with them outstanding (unpaid) to qualify for future loans for a car or a house.
