In a student loan repayment calculator, I found the following calculations for the following costs of a bachelors and masters degree combined:
Number of Monthly Payments 120
Simple Interest Rate 6.8%
Principal Amount of Loan $42,000.00
Your Monthly Payment Will Be $483.33
Your Total Interest Cost Will Be $16,000.48
Minimum annual salary to handle these payments: $72,500.00
However, in [...]