4 ms·

20 years to pay 20k$?

• pc86 2y ago
  Probably income-based repayment, based on the income of a job you could get in 2005 with a literature degree.
• paulcole 2y ago
  Not 20 years. Payment doesn’t start until graduation. Also, why not take as long as possible to pay it off at 1.5%?
• BertoldVdb 2y ago
  With a rate of 1.5%, paying the loan off might not be a smart move, as long as you don't mind not being fully debt free.