<p>How many years are stafford and other subsidized and unsubsidized loans paid over? Is there a place where we can see a chart that will show us how much our D will pay (monthly x #/mos) for X amount of loans? We're trying to explain to her the implications of a lot of loans ($20,000 for four years vs. $50,000+) combined with the realities of an entry-level job, car payment, rent, etc.</p>
<p>This seems like such an obvious question, I'm almost embarrassed to ask!</p>
<p>for undergrad degree , education loans would be paid out over 4 years.
for your other questions
<a href="http://www.finaid.org/%5B/url%5D">http://www.finaid.org/</a></p>
<p>that is not correct!!!! there are various options and the loans can be paid out over a long period of time. You can extend it for years beyond the 10 year basic plan.
from the finaid site recommended above
" The standard repayment term is 10 years, although one can get access to alternate repayment terms (extended, graduated and income contingent repayment) by consolidating the loans. "</p>
<p>If you work in a low paying job you can tie the payments to your income. (only students can do this) If after 25 years at low payment/low salary they wipe out the debt.
You can have graduated, where you start low and it goes up over the years as you will hopefully make more money.
You can pick my choice, extended, which is we pay for college til we fall over. My neighbor the lawyer ended his loan payments for law school one year before his oldest son started college.
this is the loan repayment site, but it's down this morning <a href="http://www.dlssonline.com/%5B/url%5D">http://www.dlssonline.com/</a>
There is another govt. site linked via the fafsa site.</p>
<p>I thought she meant "paid out" as in payments to the college for tuition.</p>
<p>If you meant to say * paid back* please clarify
:)</p>
<p>There are also other ways to cut expenses
for example-
my D volunteered for a year with CityYear which earned her a voucher worth almost $5,000 to pay toward loans
She also doesn't have a car payment & she lives with two friends, so even though her income is low, so are her expenses</p>
<p>emerald - from part two of the post -trying to the the child how hard paying back will be, I assumed paid back.
I think teaching in an Abbott district, maybe Americorp also lower payback? Not sure on that.</p>
<p>Donna, there is a loan payment chart generator here:
<a href="http://finaid.org/calculators/loanpaymentchart.phtml%5B/url%5D">http://finaid.org/calculators/loanpaymentchart.phtml</a></p>