Navigating the complexities of student loan repayment can feel overwhelming. Many borrowers find themselves considering interest-only payments, a strategy where only the accrued interest is paid each month, leaving the principal loan amount untouched. This approach offers short-term financial relief but carries significant long-term implications. Understanding the mechanics, eligibility requirements, and potential consequences is crucial before making this decision. This guide explores the intricacies of interest-only student loan payments, comparing them to standard repayment plans and outlining the financial ramifications. We’ll delve into the various loan types that offer this option, the application process, and strategies for managing these payments Read More …
