Ivy undergrad education worth debt?

nemom
Sun, 01 Mar 2009 23:09:00 +0000

It’s important to note that student loans are very strictly administered - penalties can add up very fast if you miss payments.
$20K at 6% paid in 5 years is 375/month
$50K at 6% paid in 5 years is 965/month, 10 years is 555/month.
$100K at 6% paid in 5 years is 1933/month 10 years 1100/month 20 years is 716/month