monthly payments?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.

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Joined: Fri Jan 08, 2010 3:57 pm

monthly payments?

Postby inthefuture » Fri Apr 23, 2010 11:45 am

just out of curiosity, how much are you guys paying or will be paying for student loans every month?

i used one of the online calculators and it told me an estimated $650 a month for 10 years. (for my undergrad) does this sound reasonable?

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Joined: Wed Nov 11, 2009 10:46 am

Re: monthly payments?

Postby beesknees » Fri Apr 23, 2010 12:07 pm

I have no idea considering you didn't indicate your borrowed principal. Also, loan type will matter in determining your interest rate.

I do know that $35k translates roughly into $470/month in mostly federal loans.


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Joined: Mon Nov 23, 2009 5:06 pm

Re: monthly payments?

Postby Brinson » Wed Apr 28, 2010 11:45 am

$650 for undergrad is pretty hefty. It sounds reasonable only if you've taken out like $60,000 in loans.

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