Thursday, September 27, 2012

Student Loans Climb

The average student loan debt has climbed to $26,682. Currently, unsubsidized Stafford loans have an interest rate of 6.8 percent. So, if you graduate with an average student loan debt and pay off your loan over the next 20 years, what are your monthly payments? See if you don't agree that it will be $203.67 per month.