if you attended Mt. IveySchmivey—with a 4 year tuition of $125,000—and paid a monthly loan payment of $562 , how long would it take you to pay off a student loan at a 5% interest rate?
to figure out the monthly payment. I typed in 36 years and the monthly payment came out to be $624.44 which is the lowest you can go. If you pay larger amounts, then you'll pay it back faster
