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marshall27 [118]
3 years ago
14

If you take out a $30,000 student loan at 6%: you will only need to pay back the amount you borrowed you will need to pay back o

nly the interest on the amount you borrowed once you graduate you will have a monthly payment of about $255 each month for the next 15 years your parents are liable for your debt
Social Studies
2 answers:
Alik [6]3 years ago
8 0

The correct answer is:

C. Once you graduate you will have a monthly payment of about $255 each month for the next 15 years.

Having a loan amount of $30,000, an interest rate set on 6% and a loan term of 15 years, the monthly payment would be of $253.16. In 180 monthly payments, a total of $45,568.80 would be paid, including a total Interest of $15,568.80.

A student loan usually has an interest rate considerably low and a repayment schedule deferred while the student is studying.

vova2212 [387]3 years ago
6 0
I'm stuck on the same question. C seems to be only somewhat reasonable answer.
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