Washington Business Daily

How much are payments for parents or independent students attending a school with a total cost around 30,000?

I would like to know (this question is for parents currently paying for tuition around the same amount and independent students paying their own tuition) How MUCH are your payments and How OFTEN do you make payments? My parents are concerned about the costs and want to know how making payments usually works. Serous answers ONLY Thanks!

Public Comments

1. Payments to WHO would what we would need to know in order to answer this question more effectively. Because each will have its own terms (length of time to make payments). For example: If you make arrangements with the college to pay that 30K the school will want the balance paid off by the end of the school year or semester (15 K a semester). My estimate would be 4 payments a semester or 8 a year for that 30 K, $3,750 each month for 8 months. Again, this is just guessing, it would depend on even IF your school offered a payment plan. If your parents take out a parent PLUS loan through the federal government those payments start immediately to a lender. Those loans are paid off in 10 years. Each year your parent would take out another 30K loan and have another payment, borrowing roughly 120,000 for your education. That would be roughly 1,200 dollars worth of payments a month after they borrow the last amount your senior year in college. I hope that helps.