Posted: March 23rd, 2017
This assignment is an exercise in getting familiar with the website Repayment Estimator, an excellent resource for student loan repayment plans
Proceed without logging in
Use the following scenario to enter data into the estimator and answer questions about the results. Upload your completed work to Canvas.
Mark has combined Undergraduate & Graduate Loan debt of $58,000 in Direct Unsubsidized Loans and starting Income of $38,000. He had taken out these loans in 2013. These figures are estimates based on an interest rate of 6%, the average Direct Loan interest rate for undergraduate and graduate borrowers. He is married with a family size of 2. His wife does not have any student loan debt. He lives in Missouri, and his income increases 5% each year. These figures use the 2016 Poverty Guidelines issued by the U.S. Department of Health and Human Services and Income Percentage Factors issued by the U.S. Department of Education.
Place an order in 3 easy steps. Takes less than 5 mins.