If you take out a $30,000 student loan at 6%:

1 you will only need to pay back the amount you borrowed

2 you will need to pay back only the interest on the amount you borrowed

3 once you graduate you will have a monthly payment of about $255 each month for the next 15 years

4 your parents are liable for your debt

Question

Social Studies

Taylor Donaldson

Today, 08:29

If you take out a $30,000 student loan at 6%:

1 you will only need to pay back the amount you borrowed

2 you will need to pay back only the interest on the amount you borrowed

3 once you graduate you will have a monthly payment of about $255 each month for the next 15 years

4 your parents are liable for your debt

+2

Answers (2)

Know the Answer?

Jace Charles · Answer 1

If you take out a $30,000 student loan at 6% once you graduate you will have a monthly payment of about $255 each month for the next 15 years. The monthly payment of $255 is already inclusive of the payment of the principal amount and the interest.

Martha Barry · Answer 2

I'm stuck on the same question, I believe it's the third option.