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How can I make an extra payment in addition to my monthly balance and direct it towards my principle only in Nelnet? is there a way to automate this process?
How can I make an extra payment in addition to my monthly balance and direct it towards my principle only in Nelnet? is there a way to automate this process?
Abbey Johnson, Helping with Student Loan Documentation
Answered on September 25,2023
Answered on September 25,2023
Payments are always applied to interest/fees before going to principal for student loans.
If you pay one specific loan, it will target any interest on that specific loan (and remember interest accrues daily) before going to the principal of that loan.
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