I don't enjoy payments, but this seems like a situation where the payment might work in my favor. What's the smart way to tackle this?

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AutoModerator t1_jeh1870 wrote on March 31, 2023 at 11:26 PM

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What is the cost to spread the payments out?

Is there a discount for paying in full?

No discount for paying in full. No interest for payments.

Then there’s no quantitative reason to pay it early

Apply for federal student loans. If you qualify the payments and interest are deferred while you're still in school.

I should have clarified, this is for private K-12 school. Therefore, no loans.

Then look into 529 plans. Pass through your tuition payments and you'll get some savings on state taxes.