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Sam, Attorney at Law
Category: Education Law
Satisfied Customers: 27011
Experience:  More than 20 years of experience practicing law.
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I have a student loan of $62000 including interest of $5000

Customer Question

i have a student loan of $62000 including interest of $5000 and rate 6.375% and paying $351 in which all goes to the interest while accumulating $310 monthly. will i be ever able to payoff this loan in 30 years?
Submitted: 11 months ago.
Category: Education Law
Expert:  Sam replied 11 months ago.

Hello Andre

This is Samuel. I am sorry to hear of your plight. To answer your question as to will you ever be able to pay it off in 30 years with those terms - the answer is no.

However, you can review this link and check out The Public Loan Forgiveness and see if you can qualify for it.

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