![]() ![]() Private student loans, however, usually let you choose between fixed or variable interest rates. Interest RateĮnter the precise interest rate on your loan-a difference of half a percentage point can result in thousands of extra dollars paid, depending on the size and repayment term of your loan.Īll federal student loans come with fixed interest rates, which will never change over the life of your debt. First-year undergraduates can borrow a maximum of $5,500 in federal student loans, while those with private loans can often borrow up to the total cost of their school’s attendance. ![]() The amount you borrowed may vary depending on the type of loan you have. Loan AmountĮnter the total amount of your loan, rounded to the nearest dollar. You’ll then see your expected monthly payment and full payment schedule over time. If you have more than one student loan, enter each loan’s details separately-this may mean recalculating multiple times. ![]() To begin, you’ll need to enter your student loan amount, interest rate, loan term and any additional payments you plan to make. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |