School Code
001572
Debt Management – Examples and Resources
This link will provide an estimate of the salary you would need in order to be able to afford the student loan debt you have (or will) borrowed:
Below is an example of 3 student’s loan repayment and the interest these student will accrue:
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Summary of Unsubsidized Loan Repayment for an Undergraduate and Graduate Student
| |||
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Dependent Undergraduate
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Independent Undergraduate
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Graduate
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|
Amount Borrowed
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$27,000
|
$45,000
|
$61,500
|
|
Estimate of Capitalized Interest During School
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$4,352
|
$7,276
|
$8,364
|
|
Loan Balance
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$31,352
|
$52,276
|
$69,864
|
|
Monthly Payment – 10 Years
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$310.72
|
$517.86
|
$707.74
|
|
Interest over 10-year Repayment Period
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$10,286.40
|
$17,143.20
|
$23,428.80
|
|
Total Paid
|
$41,638.40
|
$69,419.20
|
$93,292.80
|
Last updated: 11/10/2020