The prospect of eliminating student loan debt ahead of schedule is alluring, but the reality is nuanced. Understanding the intricacies of your loan agreement—whether federal or private—is paramount. Early repayment can offer significant long-term financial benefits, such as reduced interest payments and faster debt freedom, but it’s crucial to navigate potential penalties and unforeseen consequences. This guide explores the complexities of early student loan repayment, providing insights into various loan types, repayment strategies, and the importance of careful financial planning. We’ll delve into the specific terms and conditions of both federal and private student loans, highlighting key differences in early Read More …