How Postponing Student Loan Payments Raises Costs

How Postponing Student Loan Payments Raises Costs

It may be better to pay at least a small amount towards student debt through income-based repayment programs than to choose forbearance and accrue capitalized interest. (SIphotography/Getty Images) Postponing payment on student loans can be tempting for many new graduates who feel cash-crunched, but doing so can lead to ballooning payments down the road. Borrowers can postpone their monthly loan payments with forbearance, but unpaid interest during forbearance still accrues and capitalizes. This means accrued interest is added to the principal, and the interest will be calculated based on the new, higher balance. “I went the…

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Bhopal: Take fees through cheques, online payments, schools told

Bhopal: Take fees through cheques, online payments, schools told

Following complaints that a number of private schools in Bhopal insisting that parents pay their wards’ fees in cash, district education officer on Friday directed educational institutes to accept cheques and online payments until December 31. “We will take action against schools that refuse to accept fees through cheques and online transfers,” said Dharmendra Sharma.“We have received complaints about a few schools pressurizing parents to pay fees in cash after demonetisation and also levying late fees,” Sharma told Hindustan Times. “We have issued a show cause notice to All Saints…

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