monthly payments? Forum

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inthefuture

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monthly payments?

Post by 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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beesknees

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Re: monthly payments?

Post by 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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Brinson

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Re: monthly payments?

Post by 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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