How Does Student Loan Interest Work?

Unfortunately borrowing money isn’t free you do have to pay it back plus  interest. Now the way interest works essentially when you’re looking at different loans have it be  a federal loan or a private student loan you’re going to see an interest rate attached there. And it’s not as simple as understanding what that interest  rate is there’s a little bit more … Read more

Understand the Rates, Fees, and Terms of Your Private Student Loan

It’s time to get to know your private loan a little better. This lesson provides details on interest rates, fees, and repayment terms.First let’s look at the interest rate, which is probably the biggest factor in determining how costly your private loan will be in the long run. The interest rate determines the cost of … Read more