If you need to take out a

$60,000

student loan

2

years before graduating, which loan option will result in the lowest overall cost to you: a subsidized loan with

7.1%

interest for

10

years, a federal unsubsidized loan with

6.1%

interest for

10

years, or a private loan with

7.0%

interest and a term of

16

years? How much would you save over the other options? All payments are deferred for

6

months after graduation and the interest is capitalized.