Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there ever a pre-payment penalty on federal loans?

0
10 Posted

Is there ever a pre-payment penalty on federal loans?

0
10

There is no prepayment penalty on ANY federal student loans; if you can pay anything faster, then that is always a huge benefit. If you can pay loans down early, always pay those with the highest interest rates or those that are unsubsidized first.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.