Could someone explain this to me? I see this warning all the time on here, but it doesn't make sense to me for student loans.
I thought I saw somewhere that mortgage payments can be put into an escrow when paying more than the minimum, but I don't see that as true for all student loans. I've been watching my principal drop monthly, and it also advances the due date when I'm paying over the minimum. I keep making payments, and my understanding is that the lender has to pay any fees first, then accrued interest, then principal. Am I wrong?
Thanks!
Submitted January 18, 2017 at 08:51AM by g12345f http://ift.tt/2jwGqgN
