How long to pay off?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
abc12345675
Posts: 373
Joined: Tue Jun 05, 2012 11:27 am

How long to pay off?

Postby abc12345675 » Thu Jun 07, 2012 12:42 pm

How long to pay off $140K in loans on a $60k gov't job? I've become very interested in working for a fed agency, but maybe it's not possible to do so.

I don't want to hear anything about the loan forgiveness plan, because I have a feeling it will get repealed.

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rinkrat19
Posts: 13918
Joined: Sat Sep 25, 2010 5:35 am

Re: How long to pay off?

Postby rinkrat19 » Thu Jun 07, 2012 12:45 pm

Depends what you want to pay per month.

Approximately $1700/mo for 10 years, or $1050/mo for 25 years.

presidentk1
Posts: 132
Joined: Wed Apr 25, 2012 7:43 pm

Re: How long to pay off?

Postby presidentk1 » Wed Jun 13, 2012 12:18 pm

dont vote for republicans and it wont get repealed

:D




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