Borrowing the federal loan maximum over four years can add up to a $17,000 loan debt, which equates to a monthly payment of $250.  In addition, borrowing alternative loans of just $5,000 per year ($20,000) equates to a monthly payment of $206.   

Consider the following before you borrow:

o       Borrow only what you need.

o       Estimate the amount of debt you can afford. 

o       Understand your borrowing agreement fully-including interest calculations.

o       Stay on schedule!  Repaying your student loan on-time can create and build an excellent credit history.

College Repayment Calculator: