How long will it take to repay my student loans after college? I've already accepted the fact that I'll have debt after college, but I want to know about other people's experiences dealing with their own student finances.
Answers
It depends a lot on A) how much you borrowed during school, B) what kind of loans they were, and C) what your job is like after you graduate. The minimum payments can be pretty low, so you could take many years to pay back your loans. Lots of loans also have limits on how long you can take to repay them.
I plan on paying back as much as I can after graduation so that the debt doesn't stick around and keep growing.
I plan on paying back as much as I can after graduation so that the debt doesn't stick around and keep growing.
FinAid.com has a loan predictor you can use to predict how much interest and how long it will take you to repay your loans based on how much you borrowed. It's pretty useful. Link: http://www.finaid.org/calculators/
No one on this website can really answer this question for you because loans and repayment differ so much from person to person. Your banker or lender will help explain what you can expect after graduation or whenever you start repaying your loans.
Ususally when people go to college and graduate they still are paying off the student loans that they took out, it might take years or only months, it depends on how much you take and how fast you can repay it.


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