When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?
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1 Answer

Answer :

My loans were like a car payment, if I remember correctly. But have you ever deferred any of your loans or ever had them in forbearance? Depending on the type of loans you have, that would effect the total amount due. That’s what messed me up. I deferred them and went into forbearance so many times that I ended up owing significantly more than I did at the beginning. It took me 12 yeas to pay them off. Ugh! Can’t tell you how glad I am that that’s over and done with.
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