So, I was looking at one of our student loans, about 11k, and upon further investigation, it seems that it is actually 3 separate loans, lumped together... or consolidated (by the bank, not me). Reading a little more, any extra payment will be split across all three loans, unless otherwise specified. I guess I'm just a little confused on this snowball, should I pay off the lowest of those three loans (its what comes next) and have them put all the money towards that loan, then work on the next, or should I just keep them together and call them one loan? I don't think there will really be a difference financially, maybe emotionally though. One loan, suddenly turns into three smaller ones...
Anyone thoughts?
Showing posts with label Consolidated Loans. Show all posts
Showing posts with label Consolidated Loans. Show all posts
Sunday, February 8, 2009
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