In partnership with The Wall Street Journal
Guest or
Level:
Newcomer
FiQ Points:
0
« All Student Loans questions Ask a Question

Want to ask a different question?

Bear
Newcomer

how much would my monthly payments be?


  •  

Details

Reply

2 Responses

Sort by:

Mark Kantrowitz
FiLife Contributor

A good rule of thumb is that the monthly payments will be about 1% of the amount borrowed. (The actual percentage will vary depending on the loan term and the interest rate, but 1% is a good ballpark.)

Was this useful?

Yes

(0)

No

(0)

David R Hanson
FiLife Contributor

That depends on your loan amount and terms, Bear. Your lender or your paperwork should be able to clarify that for you.

Was this useful?

Yes

(0)

No

(0)

Reply to this Question

Generic User Image

Participating in the FiLife community requires a user account.

You can or sign in with your Facebook account by clicking this button:

If you're already a member, .

Stacker Poll of the Day

Market Summary

INDU Chart
COMP Chart
SPX Chart

Enter Symbol or Keyword

Quote:
Separate multiple quotes with spaces