Can I make extra payments towards my Nelnet Loan?
Asked 6 months ago
Yes, you can make extra payments towards your Nelnet Loan. Making additional payments can help you pay off your loan faster and reduce the amount of interest you will owe. There are several ways you can make extra payments. You can make a one-time additional payment online through your Nelnet account. Alternatively, you can set up recurring extra payments, allowing you to make additional payments automatically on a monthly basis. It is important to note that when making extra payments, you must specify that the payment should be applied to the loan principal. If you do not specify this, the extra payment may be applied towards future payments, resulting in a smaller impact on the overall balance. Making extra payments is an excellent way to take control of your Nelnet Loan and pay it off more quickly.
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