Private College Student Loan

Are student loan payments large per month? ?

By the time I am done with school I would owe about 25,000 in student loans. I am concerned that most of my paychecks will go to paying those loans. Does anyone have an example of how payments would be like for 25,000 dollars in loans? Most of My loans are from Nelnet and SallieMae

Public Comments

1. They're not too bad because you can extend them to up to 10 years of payments. At 6% interest 5 years -> $483.32/month 7 years -> $365.21 10 years -> $277.55
2. Depends on how long you intend to pay......Not enough info.......
3. A twenty year loan at 6,5% will run about $190 a month. I suggest you go to www.upromise.com The site has ways to earn free money to pay back your loans. It is not a scam. The interest is tax deductable. This could save you $10-$40 a month, meaning your out of pocket effect is 150 to 180.
4. About $230 / month over 10 years.
5. Sometimes it depends on the place you got your loans from. When I get out of school I also will owe 25,000. But I will only have to pay 100.00 a month and that is two loans and the minimal. But it is not bad I don't think.