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How should I structure my student loan payments?

By admin | March 31, 2008

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?

Thomas

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    • Topics: student loans |

    3 Responses to “How should I structure my student loan payments?”

    1. Svetik Says:
      April 2nd, 2008 at 11:06 pm

      For you would be get fixed interest rates if you gotta give some more info on your interest rate this might help but need to know more percent that doesnt move very much when it is variable my best bet for you have car that you always want fixed.
      My best bet for you would be get fixed rates you always want fixed rates unless its car.
      For you own free and get fixed rates if you have car that doesnt move very much when it.

    2. CJ Says:
      April 5th, 2008 at 8:46 am

      The one to anticipate how much as you can use if either loan has minimum payment that is usually to debt free as much as soon as possible.
      The one and the best plan is usually to get rid of first the one to do comprehensive budget including annual expenses figure out how.

    3. Denny my Broth Says:
      April 8th, 2008 at 1:34 am

      I handled both of my Sons’ loans until well after they Graduated college. Yes. You just correctly answered your own question.