Navigating the complexities of student loan repayment can feel overwhelming. Many borrowers wonder: Is it truly advantageous to prioritize principal payments over interest? This guide delves into the mechanics of student loan amortization, exploring various repayment strategies and their long-term financial implications. We’ll examine different loan types, budgeting techniques, and the potential benefits – and drawbacks – of aggressively targeting your principal balance. Understanding how interest accrues and the impact of early principal payments is crucial for efficient debt management. By mastering these concepts, you can strategically accelerate your repayment journey and potentially save thousands of dollars in interest over Read More …