Help

I have no idea how loans work as I’m a first generation grad. As I looked more into my loans they’re broken up into disbursements. My question is : if I pay my monthly payment , can I also do a large sum to tackle my smaller loans? For example I’ll be paying $235 a month , but one of my loans is $500 can’t I just pay that together ?

Posted Jan 13, 2019, 8:55 AM UTC

33

If you pay the minimum on all loans, you should be able to target any extra money at one specific loan, if that’s what you’re asking.

7
ame45OP•

when you say the minimum , is that my monthly payment?

1

Yes.

4