Breaking down, explaining how student loan interest works

September 1 marks the first significant step toward resuming student loan payments as interest rates begin to accrue with the first payments due in October. University of Houston Downtown professor Dietrich Von Biedenfeld helps us crunch the numbers and explains how student loan interest works.
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[@Sandlewood-ti3sv]

He didn’t even mention that save has 5% payments but interest doesn’t occur if you make the minimum payment. The math can actually be better just to wait out the 20 years if you have a big balance.

[@GunninRebel55]

But why in the heck would anybody want to wait 20 years to start paying off a student loan? Because if you wait 20 and I start paying now I'll be done and moving forward before you even get started. Or am I misunderstanding what you're saying?