Saturday, May 28, 2011

Your Questions About Government Student Loans Payment

Mary asks…What will be the approximate mounthly payment for 20000$ student loan?Right now I've borrowed about 7k so far from government and provincial student loans. I have 3 more semesters to finish my program so I am approximating that I will have about 20k debt by the time I graduate. I have a few questions actually:
1) Theoretically if I pay off ALL of my loan in 6 months after graduating, I won't have to pay any interest right? Because I believe interest doesn't build up on government

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