I just finished my undergrad and owe just over 28k and I'm really nervous about it. My monthly is not too much but I always see stories of people paying 3 times what they originally borrowed via intrest and its just making me nervous that I'll be in debt forever.
How much is a lot of loan money?
byu/thatguyuhate88 inStudentLoans
Posted by thatguyuhate88
3 Comments
No, that’s not a lot. Pay $400/mo and you’ll be fine.
This is federal loans or private?
Honestly not a lot, but id try to pay twice whatever interest accrues per month at the very least. So like if you accrue 200 in interest per month, pay 400 or more and get it done with asap so you can keep cutting into the principal