How Does Student Loan Interest Work?

Описание: With examples, LendEDU's Mike Brown breaks down how student loan interest works. You can check out the full article at LendEDU: https://lendedu.com/blog/how-does-stu...

Find the following in this video on student loan interest:
Why it's important to understand how student loan interest works (:16 - 1:15)
The basics of student loan interest (1:16 - 1:43)
How often are student loans compounded? (1:44 - 2:25)
How student loan interest works without compounding (2:30 - 3:03)
How student loan interest works with daily compounding (3:06 - 4:38)
How student loan interest works with monthly compounding (4:41 - 6:22)
Other things to keep in mind with student loan interest (6:51 - 8:37)
Final thoughts (8:38 - end)

And you can find these additional student loan resources at LendEDU:
Current Student Loan Interest Rates: https://lendedu.com/blog/student-loan...
How to Pay Off Student Loans Fast: https://lendedu.com/blog/how-to-pay-o...
Best Places to Refinance Student Loans: https://lendedu.com/blog/refinance-st...
Student Loan Prepayment & Payoff Calculator: https://lendedu.com/blog/student-loan...
Student Loan Interest Tax Deduction Calculator: https://lendedu.com/blog/student-loan...
The State of Private Student Loans in 2020: https://lendedu.com/blog/state-of-pri...

The information in this video is for educational purposes only. Before making any financial decisions, you should consult with a licensed financial professional. LendEDU partners with financial companies who compensate us. These companies may be mentioned in some of our videos or within the resources we have linked to in this description. Compensation, along with hours of in-depth editorial research, determines where & how companies appear in our content.