A student is graduating from college in 12 months but will need a loan in the amount of $7,685 for the last two semesters. The student receives an unsubsidized Stafford Loan with an interest rate of 6.2%, compounded monthly, with a payment grace period of six months from the time of graduation. After the grace period the student makes fixed monthly payments of $140.40 for six years. Determine the total amount of interest the student paid.

$2,423.80

$2,172.95

$3,126.26

$1,118.09