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Has anyone paid off their accruing interest each month while in law school in order to prevent that interest from getting tacked on to the principal upon graduation? What do the payments realistically look like each month to do this?

Depends how much you're taking out.

bnghle234 wrote:Has anyone paid off their accruing interest each month while in law school in order to prevent that interest from getting tacked on to the principal upon graduation? What do the payments realistically look like each month to do this?

If you're borrowing money every semester, then you would be effectively borrowing money to make interest payments, which is dumb. Just borrow less.

MarkinKansasCity wrote:

bnghle234 wrote:Has anyone paid off their accruing interest each month while in law school in order to prevent that interest from getting tacked on to the principal upon graduation? What do the payments realistically look like each month to do this?

If you're borrowing money every semester, then you would be effectively borrowing money to make interest payments, which is dumb. Just borrow less.

Bad advice. Do you know what capitalization is bro

Danger Zone wrote:

MarkinKansasCity wrote:

bnghle234 wrote:Has anyone paid off their accruing interest each month while in law school in order to prevent that interest from getting tacked on to the principal upon graduation? What do the payments realistically look like each month to do this?

If you're borrowing money every semester, then you would be effectively borrowing money to make interest payments, which is dumb. Just borrow less.

Bad advice. Do you know what capitalization is bro

It's where the interest becomes part of the principal of the loan, and in turn accrues interest. If you're borrowing money though, you're increasing principal directly, and skipping the intermediate step, so I don't really see what the point of this is unless you're not borrowing any money at the time.

Danger Zone wrote:

MarkinKansasCity wrote:

bnghle234 wrote:Has anyone paid off their accruing interest each month while in law school in order to prevent that interest from getting tacked on to the principal upon graduation? What do the payments realistically look like each month to do this?

If you're borrowing money every semester, then you would be effectively borrowing money to make interest payments, which is dumb. Just borrow less.

Bad advice. Do you know what capitalization is bro

That's not bad advice at all.

MarkinKansasCity wrote:

Danger Zone wrote:

MarkinKansasCity wrote:

bnghle234 wrote:Has anyone paid off their accruing interest each month while in law school in order to prevent that interest from getting tacked on to the principal upon graduation? What do the payments realistically look like each month to do this?

If you're borrowing money every semester, then you would be effectively borrowing money to make interest payments, which is dumb. Just borrow less.

Bad advice. Do you know what capitalization is bro

It's where the interest becomes part of the principal of the loan, and in turn accrues interest. If you're borrowing money though, you're increasing principal directly, and skipping the intermediate step, so I don't really see what the point of this is unless you're not borrowing any money at the time.

+4% origination fee.

The fee is what gets you. Otherwise it's six one way half a dozen the other. Borrow less is tcr. Also, there's a cap on interest capitalization that shifts this analysis slightly further to don't do what you're talking about doing. Shit compounds daily, not at the end of statement periods.

lacrossebrother wrote: Shit compounds daily, not at the end of statement periods.

It compounds daily, but only capitalizes once per quarter.