Documente Academic
Documente Profesional
Documente Cultură
Your student loan is the amount you borrowed in stage 3 to finance your education. You
must now pay this loan back.
Here’s the basic process.
Divide your total loan + interest by the number of years of the loan.
A. If you borrowed less than $10,000, you will pay your loan off in 5 years. Add $2,000
more for interest. Divide total by 5 for annual payment.
B. If you borrowed between 10,000 and 25, 000 you will pay your loan off in 10 years.
Add $5, 000 more for interest.
Divide total by 10 for annual payment.
C. If you borrowed more than $25, 000, you will pay you loan off in 15 years. Add $10,
000 more for interest. Divide total by 15 for annual payment.
Post to your Budget
Post your total annual loan calculations for each spouse into your 30’s budget.