I spent 5 years at University, and have 11,000$ racked up in student loans. I just graduated, and have 6 months until I have to start paying. Should I try my hardest to make/get 11,000 by November 2005 and pay off the loan in one LUMP sum? I can't think of a better way to do it so they don't rape me for interest the next 10-20 years.
If I pay in one lump sum, do I have to have this money before the 6 months is up, essentially before November? Will they allow me to even pay it all off at once, or they not allow that so they can go ahead and rape me from behind?
BTW I am a business major, and don't know the answers, ha.