Paying off college debt of 30,000?

If I took out 30,000 in college loan for the next 3 years of my college years left, how long would it take me to pay it all back? Is 30,000 alot?



If you have 30k of debt you can extend the loan over 20 years instead of the normal 10 years. You can also do graduated payments where you start off low, then the payment ramps up over the years -- the idea being that you will rise up and get a better paying position over time, so the larger payment 10 years ahead of you wont be a burden. 30k for an undergrad degree is on the high side but not too outrageous (especially if a big chunk of that is living expenses). The average new car today is well over 20k, for comparison.




Wow...That is quite a bit. Yes an No. It depends on if you will have an above average salary job. What is your major? $15,000 is considered a lot so that's just an idea of how much money that is to be responsible for owing. You better start making monthly payments now cause it will take a while.