A loan repayment calculator can put $27,667 in perspective for students. Graduates with that amount in debt would write a check for nearly $300 per month over the standard 10-year repayment plan, assuming a 5 percent interest rate. That’s not a crippling amount for most graduates, but enough to make them feel the financial sting.
Ch 16 Credit - Paying for college - Stats and Infographic.pdf,
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(Last Modified on March 21, 2015)
