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How Much Does Your Student Loan Interest Rate Matter?
Published 1 year, 1 month ago
Description
How much your student loan interest rate really matter when it comes to repaying a student loan? What is the impact of interest rates on loan payments?
The truth is: not that much.
One of the most popular "alternatives" to blanket student loan forgiveness has been the argument that the federal student loan interest rate should be set to 0%.
But given the wide array of student loan forgiveness programs and other assistance - does your student loan interest rate really matter?
Let's look at how the interest rate impacts your student loans.