chool Loans Analysis:

$$170,000|$ Client$$s Total Cost of Education.

$$68,000|$ How much did your client pay upfront?

$$102,000|$ How much school loan debt does your client have? Principal?

Directions: Fill in the chart to figure out options for your client based on the following payoff timelines.

Question

Answer

Interest Rate

Length of Loan

Principal $($total amount of debt$)$

Monthly payment

True cost of your loan $($total amount paid$)$

Interest paid on loan

$($ true cost of loan $-$ principal$)$