I finally received my paycheck for teaching and was going to pay off one of the loans. The problem was that if I mailed it, the payment would not be received in time to avoid further finance charges. No problem, I thought as I headed to the website. An online payment costs $15 though. If I wait one week, I will have two weeks for the payment to post and will only get another $2.50 worth of interest. By waiting a week I can keep $12.50. I guess they are trying to make up for the interest they are going to lose since we are paying off the loan a year early. I am getting better at this patience stuff though so I will wait!
Cheaper to Not Payoff Debt.......Yet
March 2nd, 2008 at 08:09 pm