What To Know About Trump’s New Student Loan Forbearance Orders
- By
Julia Austin
Source: bojanstory / Getty
Pay now to pay less later
The second reason Lewis encourages those who can pay now to pay is that, right now, for students who took out loans this year, interest is not accruing, so it’s a great time to pay down that principal so that when interest rates do resume, that interest is on a smaller principal amount. This can make the overall loan amount more manageable, once interest begins to accrue again.
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
