I've gone back to school and I got a letter saying I have the option of putting my student loan into deferral. When in deferral is interest accruing? Is it APR or EAR?
2006-09-18 13:06:02 · 4 answers · asked by MBC-Mack 1 in Business & Finance ➔ Personal Finance
oh yes. the interest still accurs... you are better off just paying something each month.
2006-09-18 13:08:57 · answer #1 · answered by wait_and_bleed_05 1 · 0⤊ 0⤋
1
2016-10-23 22:01:12 · answer #2 · answered by Bianca 3 · 0⤊ 0⤋
i'm no longer a inventory marketplace fan, even with the indisputable fact that it form of feels to be on the way up, so i ought to leave the money interior the inventory marketplace (or use elsewhere, like paying more advantageous college costs) and situation about the pupil mortgage once you're to commence repaying it. No Roth IRA. At this aspect you want your $ for present day residing expenditures.
2016-11-27 23:35:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If it's a subsidized loan, the gov't pays the interest. If it's unsubsidized, interest is added on to the loan and you can pay it back now or later.
2006-09-18 13:10:22 · answer #4 · answered by Dwight D J 5 · 0⤊ 0⤋