I'm usually a stickler for punctuality. Since I became an independent adult, my promptness has carried over into my finances.
When it comes to repaying student loans, borrowers should be conscious of their punctuality, too. You can be rewarded for on-time payments, but paying late can put you in a messy situation. To get more info on student loan repayment, I enlisted the help of my colleague Phil DeGroot, who works with Wells Fargo borrowers who are currently in repayment. Here's what I learned:
Why does it matter if I pay on time?