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    kokocorn's Avatar
    kokocorn Posts: 25, Reputation: 1
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    #1

    Apr 21, 2015, 02:49 PM
    Student loans
    My daughter is still in college but just curious as to how much she can expect to pay back in student loans on a monthly basis. I estimate her total when she graduates will be $37,000. Does anyone have an idea as to what her monthly payments will be? I know it depends of many things but just a rough estimate.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #2

    Apr 21, 2015, 02:53 PM
    Will she consolidate them? That's why my son did. I strongly suggest that. It will put everything at one interest rate. Then she can calculate her monthly payback.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #3

    Apr 21, 2015, 03:04 PM
    Is this In Canada or US. It makes a big difference to the answer.
    kokocorn's Avatar
    kokocorn Posts: 25, Reputation: 1
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    #4

    Apr 21, 2015, 03:21 PM
    She has one Perkins loan and two Stafford (Direct sub and unsub.). Can she consolidate all 3 into one or can she only consolidate the 2 Direct loans?

    Quote Originally Posted by tickle View Post
    Is this In Canada or US. It makes a big difference to the answer.
    We're in the USA.
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #5

    Apr 21, 2015, 03:24 PM
    Her college guidance or a financial aid officer can tell her what she can consolidate and how. My son did it in 1998, and the rules here and there may have changed.
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