Before the suspension, your student loan payment was being applied to the principal and the interest, but mostly the interest, so it takes you so much longer to pay off your actual balance.
Category Archives: Student Loans
Whether it was hardship or lack of concern that caused you to miss your initial payments, a student loan garnishment is a reality. Additionally, a loan garnishment can be quite detrimental to your monthly income. But how do you stop a loan garnishment once it has begun?