Adstudent Loan Car Loan

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Posted on September 25, 2018 at 11:47 AM

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Don't Take Out Additional Student Loans to Buy a Car
The repayment period on most car loans is five years or less, while the Standard Repayment Plan on a Direct Student Loan is 10 years. If I had taken out a $5,000 car loan at 3 percent interest for a period of five years, my total repayment would be $5, 390.40.
Auto Loan Calculator | is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your ...
Student Loan Calculator (2018) - Estimate Your Loan ...
Like any type of loan (auto loan, credit card, mortgage), student loans cost some small amount to take out (an origination fee) and they require interest and principal payments thereafter. Principal payments go toward paying back what you’ve borrowed, and interest payments consist of some agreed upon percentage of the amount you still owe.

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