The question of whether paying off student loans early incurs penalties is a crucial one for borrowers seeking financial freedom. Understanding the nuances of federal versus private loans, and the potential impact on credit scores and taxes, is essential for making informed decisions. This exploration will delve into the complexities of early repayment, examining potential benefits and drawbacks across various loan types and financial scenarios. This analysis will navigate the intricacies of different repayment plans, interest accrual, and prepayment policies offered by both federal and private lenders. We’ll also consider the often-overlooked aspects of how early repayment affects credit scores Read More …