Can you pay on Stafford loans even before loans enter repayment?
Thursday, January 28th, 2010 at
12:26 am
Comments (1)
La8elleDame5ansMerci asked:
I am considering taking out a Stafford Loan to pay for my college classes this semester. Ideally, I would like to take out the loan and pay it off by the end of the semester. Does the Stafford Loan allow you pay on it before the loan enters repayment? Also, how badly does the interest rate affect the amount that I pay back if the loan isn’t paid off over the next 10 years but over the next 5 or 6 months?
I am considering taking out a Stafford Loan to pay for my college classes this semester. Ideally, I would like to take out the loan and pay it off by the end of the semester. Does the Stafford Loan allow you pay on it before the loan enters repayment? Also, how badly does the interest rate affect the amount that I pay back if the loan isn’t paid off over the next 10 years but over the next 5 or 6 months?
