Suppose a $100k loan has been taken from MPOWER at 16% interest rates, where in school payments are $1000, and after school payments are $1300.
What will happen if one pays off $60000 right after two years of school? How will that payment impact the changes in the payment terms?
What happens if someone pays back 60% of their loan right after graduation?
byu/darnbrowhy inStudentLoans
Posted by darnbrowhy