Payment of a "principal only" payment by parent : Federal Loans : Financial Aid Forum and Discussion Board

Payment of a "principal only" payment by parent

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Payment of a "principal only" payment by parent

by graduatesmom » Wed Jan 13, 2010 10:17 am

How do I make a "principal only" payment to my daughter's Stafford loan? This will be in addition to her regular monthly payments.

graduatesmom: New; Posts: 1; Joined: Wed Jan 13, 2010 10:08 am

Re: Payment of a "principal only" payment by parent

by kristinem17 » Fri Jan 15, 2010 10:47 am

You can send additional funds to the lender, but make sure that they know you want it applied to the principal and not the interest.

kristinem17: Doctor of Financial Aid; Posts: 249; Joined: Mon Sep 28, 2009 9:34 am

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