What Increases Your Total Loan Balance

In general, you assume that as you make payments over time, your loan balance will decrease. Unfortunately, loan amounts can still increase even if you make payments.

By : Quick Insurance Guru

Five years after they start making loan payments, nearly half of student loan borrowers are still in debt, according to research by Moody's.

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We'll look at what drives up your overall loan balance, define interest capitalization, and discuss how to avoid it.

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However, a number of things, some of which you wouldn't often consider, can halt your loan repayment progress.

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Let's talk about what makes your overall loan balance go up now.

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