How to pay off student loan

thumper1
Wed, 15 Jul 2020 01:30:11 +0000

@HiToWaMom

IIRC, the federally funded loans are not accruing any interest right now due to Covid 19. In addition, loans are not required to be paid right now. This ends at the end of September.

https://studentaid.gov/announcements-events/coronavirus

With regard to how you should repay…we repaid college loans and did it in our own time…based on cash flow. We still had a kid in college when kid one graduated, so it took us a little longer to repay because our current income was being used for kid 2 college costs.

Kid 2 is now done with school. Loans are in auto forbearance. We are paying anyway with the intention of having this all paid off (undergrad only) by December.