I have 32 K in various private and federal student loans. According to Sallie Mae’s loan repayment calculator, if I went with a standard repayment plan my monthly payments would be 300 per month. Will their other options make my monthly payments lower than this? They will not give me information because my repayment does not start until June 2010. Does anyone have 30 -40 K in student loans (private and federal) and what are you paying per month?
3 Comments Already
April 10th, 2010 @5:36 am
I attend a private school and I have several Stafford loans and other small loans plus two large private loans: one from Astrive for 30k and one from Chase for 25k. According to my financial advisor my combined payments will be about 1,500 a month. I’m so screwed! You’re lucky you only have $300 payments!
April 10th, 2010 @6:18 am
Too many students choose to live off of loans rather than do everything else possible in their capacity to pay for college. It is saddening.
My monthly loan payment is $57. This is because I worked my way through school, taking out only enough loans to pay for my tuition, then I purchased my own books, supplies, and living expenses. Hearing situations such as your own and the other two previous answerers make me glad that I did this. Don’t get me wrong, it was definitely a struggle, but I see now that it was all worth it.
I would like to say that I feel sorry for you, but it is really up to the borrower to consider what the monthly payment will be BEFORE accepting the loan in the first place.
LOANS SUCK!!!
I pay about 300 and have three lenders UGH cant wait till this ish is over