Do you realize you can find guidelines in your education loan contract that every servicers have to follow whenever payments that are applying your loan?

The guidelines need that outstanding interest and fees that are lateif applicable*) needs to be compensated first, just before a repayment being placed on the mortgage principal. Nevertheless, in terms of extra repayments you have significantly more freedom. We immediately apply excess to: Accrued interest as your last re re payment. Principal associated with loan […]