<p>[FinAid</a> | Calculators | Loan Calculator](<a href=“Your Guide for College Financial Aid - Finaid”>Loan Payment Calculator - Finaid)
this is to replay 17K over 10 years at 8%.<br>
[Student</a> Loan Calculator - Calculate Your Student Loan Repayments](<a href=“http://apps.collegeboard.com/fincalc/sla.jsp]Student”>http://apps.collegeboard.com/fincalc/sla.jsp) is another good calculator. I would NOT recommend taking out this much in loans on top of other federal loans for only your first year of school. You don’t want to end up with monthly payments of $1000 month to get your degree. </p>
<p>Loan Balance: $17,000.00
Loan Interest Rate: 8.00%
Loan Fees: 0.00%
Loan Term: 10 years</p>
<p>Monthly Loan Payment: $206.26
Number of Payments: 120</p>
<p>Cumulative Payments: $24,750.63
Total Interest Paid: $7,750.63</p>