I'm getting major surgery and can't work for 2 mo. I was looking at cutting costs while I don't work by skipping 2 mo worth of student loan payments. For the past year I've been paying above the min payment of $321 and I've been paying $500/mo. As a result my lender doesn't require me to make a payment until Dec 2017, so skipping a few payments will not accrue a fee. I have 5 loans with rates from 4-6.5% with a principle just above $13,000 total. My question is, over the entirety of my loan period, how much extra will I be paying by skipping 2-3 mo worth of payments? I spoke with my lender and the person I spoke to couldn't answer that question or explain to me logically approximately what the dollar amount would be. Thanks
Submitted February 25, 2017 at 08:48AM by HoosierProud http://ift.tt/2momvPo
