To pay down the principal on your student loan right away, you should: A. pay more than the minimum payment each month. B. begin payments more than six months after leaving college. C. make payments in monthly installments. D. pay less now and more later

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16-03-2022
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To pay down the principal on your student loan right away, you should: A. pay more than the minimum payment each month. B. begin payments more than six months after leaving college. C. make payments in monthly installments. D. pay less now and more later

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Tundexi Tundexi · Answer 1 · 2022-03-29T11:41:15+02:00

There will be a need to pay more than the minimum payment each month in order to pay down the principal on the student loan right away.

What is a Loan Principal?

The Loan Principal means the initial size of the student loan that is expected to be paid back with an interest.

Hence, there will be a need to pay more than the minimum payment each month in order to pay down the principal on the student loan right away.

Therefore, the Option A is correct.