![]() The final one is only good for illustrative purposes at best (and usually useless). Most calculators will give you a “first month” payment based on your actual inputs and an estimated “final month” payment and total repayment/forgiveness numbers based on multiple assumptions. It’s very easy to use a calculator to get an incorrect answer if you ask it the wrong question. I’ve put this brief section at the end because I believe it’s important to understand how the loans and repayment options work before plugging and chugging. When it comes to actually paying off a loan, a lower rate is a lower rate, and a shorter term always reduces interest costs. If you’re an attending not bound for PSLF and you’re able to make progress paying down your loans, then you likely make too much money to have any benefit from federal loans and should consider refinancing.
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