Comments on: What Is The Average Monthly Student Loan Payment? https://thecollegeinvestor.com/33643/average-student-loan-monthly-payment/ Navigating Money And Education Tue, 25 Jun 2024 20:19:19 +0000 hourly 1 By: Robert Farrington https://thecollegeinvestor.com/33643/average-student-loan-monthly-payment/#comment-473389 Mon, 29 Aug 2022 18:23:04 +0000 https://thecollegeinvestor.com/?p=33643#comment-473389 In reply to Kristi Saul.

I don’t believe the national stats break it out, but individually, on average, interest makes up about 21% of the total loan repayment. While it can be impactful, it’s not a “gamechanger” as some would argue. The amount people borrow is still the biggest factor. You might find this article helpful: How Much Does Student Loan Interest Really Matter?

]]> By: Kristi Saul https://thecollegeinvestor.com/33643/average-student-loan-monthly-payment/#comment-473358 Mon, 29 Aug 2022 00:48:09 +0000 https://thecollegeinvestor.com/?p=33643#comment-473358 How much of the national student loan debt is principal and how much is interest?

]]> By: Robert Farrington https://thecollegeinvestor.com/33643/average-student-loan-monthly-payment/#comment-473120 Mon, 22 Aug 2022 22:46:32 +0000 https://thecollegeinvestor.com/?p=33643#comment-473120 In reply to Heather.

I was just looking for it, but realized that the NY Fed update was posted a few days ago, so check this out.

]]> By: Heather https://thecollegeinvestor.com/33643/average-student-loan-monthly-payment/#comment-473119 Mon, 22 Aug 2022 16:19:03 +0000 https://thecollegeinvestor.com/?p=33643#comment-473119 Where did you get “Percentage of borrowers with growing loan balances: 47.5%”. I am not seeing it in the Federal Reserve’s report linked.

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