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I have been making payments since November on the interest of my Unsubsidized portion ( Last year I accepted the full subsidized offer plus some unsubsidized with an option of paying interest).

 

Well it does not show on my credit as paying. And I also dont know how it works but the interest is somehow around $29 a month on a $2000 loan at 2.77%. I have no idea how $600 a year is only 2.77% interest.

 

On my CRAs it shows an original amount of $2000 with a current balance of $2029 ( since just pyaing the interest the balance is always higher than the principle). And it says " student loan not in repayment."

 

So i see no way this helps credit. It does, or should help keep extra balances from accumulating.

The last post in this topic was posted 7687 days ago. 

 

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