So i have about $98k in student loan debt after getting my masters in computer science with an average interest rate of 5.5% . My monthly payments on the standard plan would be about $1068 a month. The payments under the extended would be around $550-$600 a month.
My question is, if I go with the extended plan and then throw the extra $468 I'd be saving at the principal would I end up paying less interest? Would this allow me to pay the loan off faster? Would it be better to just pay the standard plan and be done in 10 years? Or is there really no difference?
Submitted January 19, 2018 at 12:44AM by Quilowatt http://ift.tt/2rni91B
