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What is an average amount students borrow, and what are the estimated monthly payments?

April 26, 2017average borrow estimated PAYMENTS students

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What is an average amount students borrow, and what are the estimated monthly payments?

1 Answer

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10 Posted

A. Skagit Valley College students borrowing during the past two years have an average total loan indebtedness of $13972. The average estimated monthly repayment on an unsubsidized Loan in this amount for 10 years with the maximum 6.8% interest rate is $163. The average estimated monthly repayment on a Subsidized Loan in this amount for 10 years with the maximum 6.0% interest rate is $157. To estimate your monthly repayment with your total indebtedness, you can go to: www.finaid.