4 ms·
Not just that, but with interest rates at zero and inflation at 8.5% per year (and growing!) it is incredibly stupid to pay even a single penny of federal loan
by n8cpdx 5y ago
Not just that, but with interest rates at zero and inflation at 8.5% per year (and growing!) it is incredibly stupid to pay even a single penny of federal loan debt early, unless you have a really good need to polish your credit score.
Federal student loan debts are getting cheaper by the minute, why pay more now?
- bombcar 5y agoPaying the minimum amount on time often does better for your credit score than paying the whole thing off, anyway. The credit score is a number based on you being able to reliably make payments.