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Nov 6

How should I structure my student loan payments?

Posted on Thursday, November 6, 2008 in Student Loans

student loan
Lil Miss Answershine asked:


I have a LARGE amount of student loans, both federal (consolidated) and private. My private loans are on a variable interest rate. I feel like I am spinning my wheels paying each month to a balance that doesn’t seem to move.

What can I do? Should I put the fixed rate loans in deferrment and pay double on the variable rate loan?

Anjelica

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