Question: how much is college loans?
Answer: A $30,000 loan at 6% might only cost $333 per month to service. However, someone who owes $70,000 might need to pay as much as $777 per month for 10 years. But it gets worse. A student who leaves school with $100,000 in student loan debt could owe as much as $1,100 per month for the next 10 years of their life.