Private College Student Loan

Paying student loan interest rates while still in school?

I'm applying for a Chase Private Student loan. I know I have the option of paying interest rates while I'm still in school to decrease the amount I'll owe. Does anyone know, on average, how much per month this will amount to?

Public Comments

1. It depends on how much the loan is for. Contact them and ask what their interest rates are.
2. You can figure it out with a little math, the loan terms, and the amount of the loan.
3. On an average loan amount of $12k, interest for the year will be in the range of $600. You can expect a montly interest only payment to be $50 give or take.