{"id":22508,"date":"2023-05-11T12:12:40","date_gmt":"2023-05-11T06:42:40","guid":{"rendered":"https:\/\/test-blog.unicreds.com\/blog\/?post_type=web-story&#038;p=22508"},"modified":"2023-05-12T14:45:27","modified_gmt":"2023-05-12T09:15:27","slug":"5-tips-how-interest-is-calculated-on-education-loans","status":"publish","type":"web-story","link":"https:\/\/unicreds.com\/blog\/web-stories\/5-tips-how-interest-is-calculated-on-education-loans\/","title":{"rendered":"5 Tips How Interest is Calculated on Education Loans"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Poppins%3Awght%40400%3B700\" 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h3 { font-weight: normal; }<\/p>\n<p>              amp-story-page {\n                background-color: #131516;\n              }<\/p>\n<p>              amp-story-grid-layer {\n                overflow: visible;\n              }<\/p>\n<p>              @media (max-aspect-ratio: 9 \/ 16)  {\n                @media (min-aspect-ratio: 320 \/ 678) {\n                  amp-story-grid-layer.grid-layer {\n                    margin-top: calc((100% \/ 0.5625 - 100% \/ 0.6666666666666666) \/ 2);\n                  }\n                }\n              }<\/p>\n<p>              @media not all and (min-resolution:.001dpcm) {\n                @media {\n                  p.text-wrapper > span {\n                    font-size: calc(100% - 0.5px);\n                  }\n                }\n              }<\/p>\n<p>              .page-fullbleed-area,\n              .page-background-overlay-area {\n                position: absolute;\n                overflow: hidden;\n                width: 100%;\n           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255, 255, 1);\n                font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Oxygen-Sans, Ubuntu, Cantarell, \"Helvetica Neue\", sans-serif;;\n                font-size: calc(4 * var(--story-page-vw));\n                line-height: 1.4;\n                word-break: break-word;\n                word-wrap: break-word;\n                overflow-wrap: break-word;\n              }\n              <\/style>\n<p><meta name=\"web-stories-replace-head-start\"\/><title>5 Tips How Interest is Calculated on Education Loans<\/title><link rel=\"canonical\" href=\"https:\/\/unicreds.com\/blog\/web-stories\/5-tips-how-interest-is-calculated-on-education-loans\"\/><meta name=\"web-stories-replace-head-end\"\/><\/head><body><amp-story standalone=\"\" publisher=\"UniCreds\" publisher-logo-src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2022\/02\/10161836\/UniCreds-Logo.png\" title=\"5 Tips How Interest is Calculated on Education Loans\" poster-portrait-src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/12144445\/Untitled-design-47.jpg\"><amp-story-page id=\"98f92280-e09b-4df4-ad8d-ad06c6a7e20e\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-1386b957-efc9-4d7d-b632-e730440aca24\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115413\/1-15.jpg\" alt=\"how interest is calculated on education loans\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115413\/1-15.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115413\/1-15-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115413\/1-15-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115413\/1-15-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:44.01294%;width:83.25243%;height:20.71197%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 1.5625% 1.5625% 1.5625% 1.5625%;background-clip:content-box;background-color:#ffee70\" id=\"el-80b1a015-c16c-4ee1-8d78-dc903afaac4a\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.932944606413994% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.517799em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">5 Tips How Interest is Calculated on Education Loans<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"fc8978b9-2656-4e2e-9675-c6e6b1f0c1d9\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-65acf0a1-0d85-466d-8bf5-1f6e3a3dcc5a [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ad1645ac-448c-4772-85c1-ffd51ac0b332\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-669cc7d5-16d8-4ed0-8a30-0ebb07529bb0\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-65acf0a1-0d85-466d-8bf5-1f6e3a3dcc5a\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c54ff5b6-ddc7-44a2-9280-f62b5cf79ed0\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115524\/2-5.jpg\" alt=\"how interest is calculated on education loans\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115524\/2-5.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115524\/2-5-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115524\/2-5-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115524\/2-5-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.25243%;top:25.72816%;width:83.25243%;height:61.97411%;opacity:1\">\n<div id=\"anim-ad1645ac-448c-4772-85c1-ffd51ac0b332\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-669cc7d5-16d8-4ed0-8a30-0ebb07529bb0\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.5221932114882507% 0.5221932114882507% 0.5221932114882507% 0.5221932114882507%;background-clip:content-box;background-color:#ffee70\" id=\"el-0fe7763b-a96b-4fba-8dbf-9dc272b33e83\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.8163265306122441% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.453074em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Know the type of interest rate: <\/span>Education loans can have fixed or variable interest rates. A fixed interest rate remains the same throughout the loan term, while a variable interest rate can change based on market conditions.<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"85f9e984-c60c-4b56-92fa-4286cc5ef522\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ab6f15ba-4560-42ac-a70f-b28f02bd55a9 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-4732c507-5f56-4546-9071-9e8a1239d55a\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-aa81ba77-0ff6-4e46-893f-ac601c03630b\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-ab6f15ba-4560-42ac-a70f-b28f02bd55a9\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-fd709f7d-6706-4feb-ba2f-fd31268b3e11\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115549\/3-8.jpg\" alt=\"how interest is calculated on education loans\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115549\/3-8.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115549\/3-8-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115549\/3-8-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115549\/3-8-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:30.42071%;width:83.25243%;height:56.47249%;opacity:1\">\n<div id=\"anim-4732c507-5f56-4546-9071-9e8a1239d55a\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-aa81ba77-0ff6-4e46-893f-ac601c03630b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.5730659025787965% 0.5730659025787965% 0.5730659025787965% 0.5730659025787965%;background-clip:content-box;background-color:#ffee70\" id=\"el-582c9df4-b5c9-4c49-9282-44f80c9a46b3\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.8163265306122441% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.453074em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Determine the loan repayment term:<\/span><br \/>\nThe loan repayment term affects the total interest paid on the loan. Longer repayment terms may result in more interest paid over the life of the loan.<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"d93bd213-cad1-4d23-bd82-54058f868332\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-7b566eed-4bd0-4666-942f-fd5accc48da8 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-fac5c997-5f24-4da9-a6bf-9fb5c350f60f\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-966573d8-e8bb-42ad-b427-7e3ded2f9b3f\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-7b566eed-4bd0-4666-942f-fd5accc48da8\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4566aac1-2f99-45ba-8999-bfedb0c53716\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115608\/4-5.jpg\" alt=\"how interest is calculated on education loans\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115608\/4-5.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115608\/4-5-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115608\/4-5-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115608\/4-5-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.85437%;top:33.33333%;width:83.25243%;height:45.95469%;opacity:1\">\n<div id=\"anim-fac5c997-5f24-4da9-a6bf-9fb5c350f60f\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-966573d8-e8bb-42ad-b427-7e3ded2f9b3f\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.7042253521126761% 0.7042253521126761% 0.7042253521126761% 0.7042253521126761%;background-clip:content-box;background-color:#ffee70\" id=\"el-7aa601a0-6652-4bd2-85dc-e1c96166ac58\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.932944606413994% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.517799em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Pay on time:&nbsp;<\/span><br \/>\nLate payments can result in late fees and penalties, which can increase the overall cost of the loan.<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"9d97afd8-0b7a-4a16-b85e-f6a87a6536fd\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-4fc168e3-e7bd-4788-8f47-c57a138e0bb1 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-e0f45265-2ca7-4ad5-82d6-07a9c0f42854\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-aea644c4-903a-4d61-8b01-36f3dd475489\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-4fc168e3-e7bd-4788-8f47-c57a138e0bb1\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-22f14fe5-65f9-42d6-b6a4-b987717495c8\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115629\/5-5.jpg\" alt=\"how interest is calculated on education loans\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115629\/5-5.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115629\/5-5-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115629\/5-5-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115629\/5-5-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.25243%;top:24.75728%;width:83.25243%;height:61.97411%;opacity:1\">\n<div id=\"anim-e0f45265-2ca7-4ad5-82d6-07a9c0f42854\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-aea644c4-903a-4d61-8b01-36f3dd475489\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.5221932114882507% 0.5221932114882507% 0.5221932114882507% 0.5221932114882507%;background-clip:content-box;background-color:#ffee70\" id=\"el-afba4b44-1b3d-4a95-ab5d-54976e1489fc\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.8163265306122441% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.453074em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Consider making extra payments: <\/span>Making extra payments can help to reduce the outstanding principal balance of the loan, which can lower the total amount of interest paid over the life of the loan.<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"78c98197-6dc2-44e7-bf7e-d321988d8066\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-75570522-cda0-4593-bdc9-934e2fdf5fcc [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-5691681a-5089-4c35-84b3-042ac4a666f3\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-87469729-9adb-4f89-ad6f-0fff4fdaa5c2\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-75570522-cda0-4593-bdc9-934e2fdf5fcc\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-600b141b-39ba-4715-b4e9-7a64dfb17f5f\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115646\/6-5.jpg\" alt=\"how interest is calculated on education loans\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115646\/6-5.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115646\/6-5-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115646\/6-5-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115646\/6-5-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:4.85437%;top:25.40453%;width:83.25243%;height:64.72492%;opacity:1\">\n<div id=\"anim-5691681a-5089-4c35-84b3-042ac4a666f3\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-87469729-9adb-4f89-ad6f-0fff4fdaa5c2\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 0.5% 0.5% 0.5% 0.5%;background-clip:content-box;background-color:#ffee70\" id=\"el-8d7748f2-1ce7-4556-b71b-f321ebac57f3\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.932944606413994% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.517799em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Look for ways to lower the interest rate:<\/span><br \/>\nSome lenders offer incentives for borrowers who sign up for automatic payments or who have good credit scores.<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"aa3f90e3-8c89-4bcc-9bbd-405effcbf661\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-29ab7df6-a2da-4adf-8f87-eb4bd91e2b69 [data-leaf-element=\\\"true\\\"]\",\"keyframes\":{\"transform\":[\"translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)\",\"translate3d(0%, 0, 0) translate(0%, 0%) scale(1)\"]},\"delay\":0,\"duration\":2000,\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ea714759-aabb-4b3a-8d97-a12a3fedc821\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-5d9784a3-781f-41b6-b97a-35a30575d88e\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div id=\"anim-29ab7df6-a2da-4adf-8f87-eb4bd91e2b69\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-0a1850d3-cdf5-460b-b9ee-201b2737166a\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115701\/7-4.jpg\" alt=\"how interest is calculated on education loans\" srcSet=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115701\/7-4.jpg 720w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115701\/7-4-576x1024.jpg 576w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115701\/7-4-169x300.jpg 169w,https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2023\/05\/11115701\/7-4-150x267.jpg 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.49515%;top:44.01294%;width:83.25243%;height:20.71197%;opacity:1\">\n<div id=\"anim-ea714759-aabb-4b3a-8d97-a12a3fedc821\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-5d9784a3-781f-41b6-b97a-35a30575d88e\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5830903790087464% 0.5830903790087464% 0.5830903790087464% 0.5830903790087464% \/ 1.5625% 1.5625% 1.5625% 1.5625%;background-clip:content-box;background-color:#ffee70\" id=\"el-31b31f19-646d-4ec9-875e-f9950ecb175a\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.932944606413994% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.517799em;line-height:1.2;text-align:center;padding:1.1661807580174928% 2.3323615160349855%;color:#000000\"><span><span style=\"font-weight: 700\">Know About Abroad Education Loan<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/di2vt7hcm6vs0.cloudfront.net\/site-static\/header\/UniCreds.jpg\"><a href=\"https:\/\/unicreds.com\/abroad-education-loan\" rel=\"\">Click Here<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>5 Tips How Interest is Calculated on Education Loans<\/p>\n","protected":false},"author":103,"featured_media":22577,"template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","web_stories_publisher_logo":12573,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-22508","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Tips How Interest is Calculated on Education Loans - UniCreds Blog<\/title>\n<meta name=\"description\" content=\"5 Tips How Interest is Calculated on Education Loans\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/unicreds.com\/blog\/web-stories\/5-tips-how-interest-is-calculated-on-education-loans\/\" \/>\n<meta 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