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:

Summary of Unsubsidized Loan Repayment for an Undergraduate and Graduate Student
Dependent Undergraduate
Independent Undergraduate
Graduate
Amount Borrowed
$27,000
$45,000
$61,500
Estimate of Capitalized Interest During School
$4,352
$7,276
$8,364
Loan Balance
$31,352
$52,276
$69,864
Monthly Payment – 10 Years
$310.72
$517.86
$707.74
Interest over 10-year Repayment Period
$10,286.40
$17,143.20
$23,428.80
Total Paid
$41,638.40
$69,419.20
$93,292.80

 

Last updated: 1/23/2013

Financial Aid • PO Box 8065 • Statesboro, Georgia 30460 • (912) 478-5413 • finaid@georgiasouthern.edu