If you max out your federal student loans over a 4 year undergraduate career, you will have student loans totaling $27,000. At current interest rates and under the standard 10 year repayment plan, this will require payments of $282 per month. Private loans beyond this amount will result in higher repayments and can make it tough!
College is a wise investment in your future, but you need to know what your loans will mean down the road. The federal government now offers repayment options with lower initial payments that increase together with your income.
Consider financial factors in your college fit and don’t end up sounding like Quinn Perkins in this video!
