<p>You’re not going to be able to find anyone that can “explain” why $180,000 of debt is “worth it”.</p>
<p>Use the loan calculator to figure out your monthly payments…</p>
<p><a href=“Loan Payment Calculator - Finaid”>Your Guide for College Financial Aid - Finaid;
<p>I plugged in 20 years at 6.8% interests (your interest will be higher, but what the h$#%…)</p>
<p>Loan Balance: $180,000.00<br>
Adjusted Loan Balance: $180,000.00<br>
Loan Interest Rate: 6.80%
Loan Fees: 0.00%
Loan Term: 20 years
Minimum Payment: $50.00<br>
Total Years in College: 4 years
Average Debt per Year: $45,000.00 </p>
<p>Monthly Loan Payment: $1,374.01<br>
Number of Payments: 240 </p>
<p>Cumulative Payments: $329,762.99<br>
Total Interest Paid: $149,762.99 </p>
<p>Or you could just go to UF…and spend some of your savings on a summer vacation in Europe…</p>