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I myself have no personal experience at all with student loans, but my daughter will be graduating in the spring (and she'll have to pay back about 34k), and I was wondering about a couple of things. (1) I know there are different payback schedules, but what are the pros and cons of using one rather than another? (2) Is there any loan pre-payment penalty--or is there maybe no benefit at all for pre-payment? --Don't you at least save on interest?

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