DIRECT STUDENT LOAN

And will it affect any other open lines of credit I have, like interest rates, credit limits, etc? My student loan is just too much, I cant afford it, I dont know what to do, any advice would be appreciated?

Every time I make my payment for my student loan I always apply the extra toward the principal because I want to reduce the amount that I will pay on the loan. I know that this method reduces your overall payment but I don’t understand how it works. Could someone explain this please?

The interest rate on an unsubsidized Stafford student loan is 6.8%. How often does interest acculumate on such a loan? For example, if my loan is $5000, how do I calculate when and how much interest is capitalized onto the loan. Thank you for your help.

Hi Experts!
I am recovering from a hit to my credit report in the form of two consecutive non-payments on a small student loan. The loan bill was sent to my parents house who are retired and have been in Europe for the past 3 months so I don’t completely blame myself. However – I just paid the payment balance last week and i’m curious about the effect it will have on my report.
So my questions are:
1)Will it take a month for the loan creditor to report the payment to the credit bureaus or is this more of an instantaneous process?
2)Now that the account dues are paid, will the loan be removed from the “adverse accounts” section of my report and will my score jump up at all?
I’m really interested in building up my score – this hit was a real punch in the nose for me. I guess there are always bumps in the road
Well thanks in advance for all of your help and I’m looking forward to reading your responses.
-CF