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I have about 10,000 left from my undergrad degree and 16,000 from my graduate degree. I pay a combined total of about 300/month. My goal is to pay off the grad school loan first because the interest rate is 6.8% vs the undergrad's 1.2%. Once I get the credit card paid off, I aim to put about an extra 500/month towards it.
https://studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.action
Many repayment calculators out there - this is one.
I pay $347.34 a month (total) to two different lenders. It used to be more, but I think a few of the loans got paid off. They switch hands so often that it's hard to keep up! If I were smarter, I would have paid them all off by now, but the amount is so small that I hardly notice it missing (they are automatic deductions).
I lived off my loans and only worked about 6-10 hours a week while I was in school. I owed over $40,000 at one point, but I quit paying attention after that because it made me feel overwhelmed. I owe about $15,000 now (4-5 years post-graduation).
BSNbeauty, BSN, RN
1,939 Posts
I owe a massive amount in loans, 33,000 . I'm just curious to how much others pay in student loans ? My goal is to pay it off in 5-10 years. Seems impossible right now though.