Why Interest Stinks (When Working Against You)

When I first began making payments on my student loans in 2015, I owed about $55,000 at a 7.5% interest rate, and was paying $11 per day in interest alone. If your student loan accrues interest daily, and you don’t know the amount of interest you’re paying on your loan each day, you can calculate […]

Student Loan Basics You Need to Know

Photo by Nick Morrison on Unsplash

If you have a student loan, there are 2 main things you need to know about it:   1. Principal Amount This is the amount you borrowed for your education, your car, your home, etc. This number will (hopefully!) be decreased by the payments you make on it and will increase due to…   2. […]