To begin, a change in interest rate increases or decreases the total loan altogether. Preferably, I would prefer a loan with interest as low as possible. For something worth noting is Principal and Interest. The more money you invest in the first few months for Principal. The more money you will save from paying less in interest later on in the future. Then adding onto this discovery of Loans and Interest Rates. The longer you drag out the loan in years. The more in the end you will have to pay for interest rates that will equate in paying more of paying off your debt.
Subsidized - 4.57%
Unsubsidized - 4.57%
Private - 6.6%
If interested to paying the loan by 200$ a month
Subsidized and Unsubsidized would take at most 125 months altogether.
Private would take 146 months.
If interested in paying a loan by 100$ a month.
Subsidized and Unsubsidized would take 370 months altogether.
Private would take more than 480 months.
If interested in paying a loan by 50$ a month.
Subsidized and Unsubsidized would take more than 480 months altogether.
Private would take more than 480 months altogether.
Subsidized - 4.57%
Unsubsidized - 4.57%
Private - 6.6%
If interested to paying the loan by 200$ a month
Subsidized and Unsubsidized would take at most 125 months altogether.
Private would take 146 months.
If interested in paying a loan by 100$ a month.
Subsidized and Unsubsidized would take 370 months altogether.
Private would take more than 480 months.
If interested in paying a loan by 50$ a month.
Subsidized and Unsubsidized would take more than 480 months altogether.
Private would take more than 480 months altogether.