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Results tagged with repayment
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user 22519
For all situations involving paying money back to a borrowed source, such as a loan.
26
votes
To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month?
If you pay extra now you will pay less in interest over the life of the loan. Unless your savings account has a higher interest rate than the loan's rate you are not saving anything.
That being said, …
- 796