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Feb 10, 2016
7:00
:33
pm
Non-mo Coug
Starter
Unless your repayment term is VERY short, any benefit will be pretty small
Almost certainly saving more by getting the interest rate reduction.
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Non-mo Coug
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Non-mo Coug
Joined
Sep 1, 2013
Last login
Mar 28, 2024
Total posts
5,972 (65 FO)
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Messages
Author
Time
Loan question. We accepted automatic withdrawal to lower interest rate. My wife
buckeyecougarguy
2/10/16 6:52pm
She is correct.
Tokolosh
2/10/16 6:57pm
However, if the rate is lower for doing their auto pay...
Tokolosh
2/10/16 6:59pm
Unless your repayment term is VERY short, any benefit will be pretty small
Non-mo Coug
2/10/16 7:00pm
It's a long term large student loan an a .25% reduction with auto payments
buckeyecougarguy
2/10/16 7:02pm
btw. a $100k , 10yr note at 5% paid 2 weeks early saves you around $300
boogers
2/10/16 7:50pm
Keep the loan on auto payment to get the interest rate deduction, and just add
blackandblue
2/10/16 8:39pm
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