So how did you do with Financial Aid - it's posted

RacinReaver
Fri, 06 Apr 2012 16:47:11 +0000

http://www.finaid.org/calculators/loanpayments.phtml
Loan Balance:   $80,000.00
Adjusted Loan Balance:  $80,000.00
Loan Interest Rate:     6.80%
Loan Fees:  0.00%
Loan Term:  10 years
Minimum Payment:    $50.00
Degree Program: Bachelor's Degree
Total Years in College: 4 years
Average Debt per Year: $20,000.00

**Monthly Loan Payment: $920.64**
Number of Payments: 120

Cumulative Payments: $110,477.25
Total Interest Paid:    $30,477.25



$20k a year is too much.