Wednesday, May 26, 2010

On a 6,000 student loan with a 9.95 interest rate, what am I being charged per month for interest?

.83% of your outstanding balance per month. If your outstanding balance is 6000- that would be 49.80/month.



On a 6,000 student loan with a 9.95 interest rate, what am I being charged per month for interest?

About $50 a month

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