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Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 2570
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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I have student loans totaling $31,250, currently owe is

Customer Question

I have student loans totaling $31,250, currently owe is $32,533. (Payments were deferred.) 10 year term, payments start 1/2016. Interest rate on the first $25,000 is 3.86% Interest rate on the final $6,250 is 4.66% Graduated five-step repayment plan: First 2 years $216 2 more years at: 266 2 more years at: 327 2 more years at: 402 Final 2 years at: $495 Approximately how much will I save if both rates drop by .25% and I add an additional $19 to each monthly payment?

Submitted: 11 months ago.
Category: Finance