case: (Default)
Case ([personal profile] case) wrote in [community profile] fandomsecrets2019-07-15 07:08 pm

[ SECRET POST #4574 ]


⌈ Secret Post #4574 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 02 pages, 29 secrets from Secret Submission Post #655.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Re: Paying off student loans?

(Anonymous) 2019-07-16 01:28 am (UTC)(link)
The highest interest one is the one that's being paid off the fastest, so the total interest is less. But if you break it out by month, versus total over repayment, you're paying the loan agency significantly more per loaned dollar every month on the high interest loan than on the other ones.

Pay off the highest interest rate one first. Then focus on the three larger loans, if you're making extra payments. The $500 one also has the lowest interest rate. It's the lowest priority one to pay off.