Question

5. The infographic suggests making small payments on your student loans even before they’re due, yet that won’t automatically get you a credit card. What would be the benefit of making these early loan payments?

Answer 1

Answer:

It would be a pro

Step-by-step explanation:

Pay less over the life of the loan: Because your student loan, like most other debt, accrues interest when you carry a balance, it's cheaper if you pay off the loan earlier. It gives the debt less time to accumulate interest, which means that you'll pay less money in the long run.

Hope this helps.