Updated Saturday, April 19, 2014 as of 12:24 AM ET
Portfolio - College Savings Plans
College Panic
by: Donald Jay Korn
Saturday, August 1, 2009

Students who take out the maximum Stafford loan each year will have total debt of $27,000 after four years. Assuming that interest accrues at a fixed 6.8% rate while the student is in college and that repayment is under the standard 10-year plan, Fox calculates that the payments would be about $300 a month, which may be affordable for college graduates earning a living.

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