Quote:
Originally Posted by CTinline-six
I would put it towards paying off the one with the higher interest rate, which would also leave you with one less loan to worry about.**
**This also depends on how closely your work tracks where the money goes that they give you towards loans. IE: would there be any issues using it for something other than the loans they specify?
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I'm kind of thinking the same, but with that said I would also like them not to pay more then needed. So if I would throw the entire amount at the premium of the federal loan then it would be less money out of their pocket in the long run. Since the interest of the private loan will not change much.
I do not think they intend of tracking the amount that goes towards which loan, but I intend to provide them the amounts that I pay off. Especially if I need to pay a grand or two out of my pocket in regards to future reimbursement.