Re:Students refuse to pay back loans to failed for-profit co...
by GabrielF00 on Tuesday February 24, 2015 @11:11AM
(#9101467)
Average student loan debt is about $30,000. A 10-year loan at 5% interest works out to about $318 or $345 at 6.8%.
The 5% choice is a bit debatable. I figured most people have some combination of loans at 6.8%, 5% and 3.4%.
Of course there's so much variation between schools that the average might not be too useful, but it seems like $300-$350 is a pretty reasonable figure.
The 5% choice is a bit debatable. I figured most people have some combination of loans at 6.8%, 5% and 3.4%.
Of course there's so much variation between schools that the average might not be too useful, but it seems like $300-$350 is a pretty reasonable figure.