How do I pay off large chunks of my school loan and avoid any interest trickery?
How do I pay off large chunks of my school loan and avoid any interest/payment trickery? I want to pay 10k on my 30k loan. In the past whenever I’v made a payment larger than what is required ($230) it just makes the next month’s bill lower or nonexistent. For example, when I pay $300 it just makes the next payment $160. When I pay double (460) it makes my payment the next month 0. I don’t want to pay 10k and just have my next 50 payments paid for. Someone told me once to put “apply e
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