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I was so confused about why I owed a different amount of interest each month on my student loans…now I understand how it is calculated!

A Simple Explanation of How Student Loan Interest is Calculated

By Liv

This post may contain affiliate links. Please read my disclosure policy here.

When I made my first $1,200 payment to my six figure student loan debt, I was shocked at how much interest I paid (over $900!). I worked so hard to make that $1,200 payment, and then poof!, $900 of interest disappeared to the loan company. Each month I noticed that my payment was being allocated differently: the amount going to my principal balance and … 

[Continue reading] A Simple Explanation of How Student Loan Interest is Calculated
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Welcome, I'm Liv!

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