How to pay off student loan

brantly
Wed, 15 Jul 2020 05:39:43 +0000

Sybylla:

If you had the money, why take out the loans? Am I missing something?

People take out loans even when they have the money because, instead of handing over the money with the tuition bill, the money could be working for them elsewhere. If they pay the accumulating interest throughout the four years and pay off the loan during the grace period, it’s usually a win.