Student loan costs include the loan amount, origination fees and interest that you pay back over time. For example, if you borrow $10,000 with a 4.5% interest rate and 15-year term, you'll pay back around $75 toward the loan each month. After 15 years, you’ll have paid back around $13,500.
Origination fees vary by lender. Federal student loans have fees based on a percentage of the total loan amount.