What you Owe
The number of Americans who currently hold student loan debt.
What is 43 million?
A federal loan for undergraduates with financial need, where the government pays interest while you're in school.
What is a Direct Subsidized Loan?
The length of time after graduation before you must start repaying your student loans.
What is 6-months?
The type of interest rate that federal student loans use.
What is a fixed interest rate?
What “IDR” stands for.
What is Income-Driven Repayment?
The average amount owed per student loan borrower in the U.S.
What is $30,000
A federal loan available to all students regardless of need, where interest accrues immediately.
What is a Direct Unsubsidized Loan?
he name of the repayment plan that involves 10 years of equal monthly payments.
What is the Standard Repayment Plan?
The typical interest rate range for federal student loans.
What is 4% to 7%?
What IDR monthly payments are based on.
What is your income and family size?
The original amount you borrowed before interest is added.
What is the Principal?
A federal loan that requires a credit check and is available to parents of undergrads or to graduate students.
What is a Direct/Parent PLUS Loan?
This repayment plan starts with lower payments that increase every two years.
What is the Graduated Repayment Plan?
The typical interest rate range for private student loans.
What is 3% to 15%?
The newest, most affordable income-driven repayment plan for federal loans.
What is the SAVE Plan?
The gauge for how much student loan debt is okay.
What is your first year salary of being a practicing professional?
These loans often have higher interest rates and fewer repayment options than federal loans.
What are private student loans?
The amount of months you can miss without Wage garnishment and full debt owed.
What is 9 months?
The current interest rate for federal student loans.
What is 6.53%
Under the SAVE Plan, student loan balances under this amount may qualify for forgiveness after just 10 years.
What is $12,000?