You probably have lots of friends in your life. But I promise you, interest on your student loans is not one of them.
Interest on student loans is your enemy. And the only way you can kill the little bastard is by making sure that your monthly payment is big enough to pay the interest for the month plus as big a chunk of the principal as humanly possible.
Tuition.io wrote a great post that will help you learn more about how interest on your student loans really works. You’ll do yourself a big favor to read it now.
Interest on student loans works different than what you may be accustomed to on credit cards or cars.
VERY different.
Especially if you are on one of the programs that provides you a “low monthly payment”.
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