Know how much you’re paying—and why
Here’s what you need to know when it comes to a few common questions about student loan payments:
Why is my Total Loan Cost higher than the amount I borrowed?
- See the effects of interest and capitalization and why your Total Loan Cost is more than your original loan amount. This is an important part of understanding student loans.
How are my student loan payments allocated and applied to my loans?
- Find out how your monthly payment is distributed across your loans and which parts are paid down.
How can I pay down my student loans faster?
- As you pay down your student loan, there are ways to help you reach your goal faster.