Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
JAFO,
Thank you for the input.

Perhaps it makes no difference, as there is accumulated interest as well as principal, but it seems that paying during deferment would be applied directly to the principal, since there was no payment due or scheduled. The monthly payment for that loan will be $153. I am surprised that they would take $1280 dollars of a $2000 payment and apply it toward interest when no payment at all was due(yet).

By the way...

Isatar,
The second link you supplied was all about Direct Plus loans. starting in the first paragraph of the body of the web-page link you supplied.

Thanks again.

tb2
(still perturbed)
Print the post  

Announcements

Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.