Respuesta :

The disadvantage of using repayment plans are:

  • You pay much more in interest payments than you would otherwise.

  • You spend more of your life making loan payments.

  • You may end up with a higher interest rate than that of your original loan.

The advantage of using repayment

plan are :

  • You can pay a little more each month and pay off the loan sooner.

  • It is the automatic repayment option for most loans

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