TheAvengingNarwhal
New member
- Sep 13, 2009
- 2
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I finally decided to drop out of college with a current:
31,000 dollar loan in Sallie Mae signature student loans
17,000 in federal stafford loans
I don't understand what "compound interest" means for these. Is my loan debt going to grow while I am paying it back? That terrifies me.
And, would paying just the interest portion of these loans first help my situation? I am horrible at math and that is why I could not complete school.
Thank you.
31,000 dollar loan in Sallie Mae signature student loans
17,000 in federal stafford loans
I don't understand what "compound interest" means for these. Is my loan debt going to grow while I am paying it back? That terrifies me.
And, would paying just the interest portion of these loans first help my situation? I am horrible at math and that is why I could not complete school.
Thank you.