Vanessa has a student loan that she is paying off, and she pays the same amount every month. Although her payment amount is high, she will pay off her loan more quickly with fewer interest payments because she is following the ________ repayment plan.

Question

Quizplus · Accepted Answer

In this scenario, Vanessa is using the standard repayment plan. Standard repayment is when the same sum is paid every month, and while the payment may be high, you will pay off your loans more quickly and pay fewer interest payments.

Vanessa Has a Student Loan That She Is Paying Off