Higher education is costly, but very important. Many students find themselves paying down loans following school. Use the information below to determine your student loans.
*Estimating 10 year payback period at 6.8% interest (the current fixed rate for Federal Stafford Loans)
Lawyers/Doctors ($100,000 in loans) $1,150 per month
College Degree ($30,000 in loans) $345.24 per month (assumes you borrowed $7500 each year)
Some College ($15,000 in loans) $172.62 per month (assumes you borrowed $7,500 each year)