What ever works out for you the best financially. It's just like anyother loan. But IMO the sooner you pay it off the better, so do what is best for you without living on Ramon Noodles and Kool-Aid each month.
I think for this is depends on your interest rate. I had a private student loan through salliemae and the interest rate was pretty high, so it was in my best interest to pay more than one payment a month to keep the interest low, so i got one payment ahead and started spliting my payments half on the first then half on around the 15th. However now that I am a military member the interest rate was dropped to like 5 or 6% so over a months time i occur like 5 dollars in interest i believe, but i still make two payments amonth sometimes even paying more than what i need. gotta love the ramen.
Starting Score: 643 Current Score: 657 Goal Score: 700
ok so you found you paid less interest when making two payments rather then one big payment? I understand it works for biweekly mortgage payments because it's biweekly, meaning in a 52 week year you are effectively making 26 payments 52/2= 26.
With student loans however, you aren't doing it biweekly, you're doing it twice a month so it's 12*2= 24 payments. I guess this doesn't make a difference huh.
I need a Kool-aid rewards card, giving me bonus points to purchase ramen noodles with