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How long it will it take to pay off my student loan if I have a $30,000 loan at 9.8% interest?
Wiki User
∙ 14y ago
That depends on the amount of time you've deferred payments, and the amount you've been told to pay back each month. At $500 a month, it would take approximately 7 years to pay this off, which is about average for American graduates.
Wiki User
∙ 14y ago
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What is the purpose of a student loan calculator?
A student loan calculator's purpose is to estimate the size of your monthly payments when you get a student loan. It will also help you find out how much you will end up paying in interest and how long it will take to completely repay the loan.
How long will it take to pay off the interest on my student loans?
Go to the website or place that you found your student loan and ask for the interest and they will be able to calculate how long it will take with your current income.
Is student loan debt consolidation something that will save money in the long run?
Student loan debt consolidation is a way to consolidate student loan debt to the point that money is put in a synthetic grace period to prevent interest.
How long does it take to pay a 60000 student loan?
depends on monthly payments and the current interest rates
Is it better to get a high interest short term loan or a low interest long term loan?
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.
What is a loan payment interest calculator used for?
There are many uses for a loan payment interest calculator. I used them to calculate how long it will take to pay off my loan whether it is for a car, house, or even student loan.
Where can I find an accurate calculator for student loans?
The student loan payment calculator is very on point student loan calculator Topic: student loan calculator and accurate. You will be able to see how much you can get on your loan and how long you can keep it.
How long does a co signer stay on a student loan?
As long as the loan is in force (until the loan is paid off)
How long are you liable for student loan?
Forever.
If cosigners for student loan miss a mortgage payment will this affect student loan?
As long as loan stays current, credit & other obligations irrelevant.
How accurate is the student loan payment calculator?
The student loan payment calculator is very on point and accurate. You will be able to see how much you can get on your loan and how long you can keep it.
How long does it take to pay back student loans?
Loan Calculators You can use this student loan payoff calculator to estimate how long it will take to pay off your student loans. Use this tool to determine how quickly you'll pay off your student loans. By making a higher monthly payment, you can shorten the length of your loan.
