I just paid off my largest private student loan. The original loan amount was $10,000. In total I paid back $15,320. Of this, $3284 was interest, with the remaining $12,035 being principal.
Why did I pay back more principal than I borrowed? Having a hard time wrapping my mind around it. It’s probably something simple but wanted help to understand it better. Thanks!
Submitted October 26, 2021 at 09:58AM by Sparkle_Snowflake https://ift.tt/314P5hN
