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Not surprisingly, Anthony still has several thousand dollars in student loans outstanding. When he graduated from college, he hav federal loans of $49,600, with an
Not surprisingly, Anthony still has several thousand dollars in student loans outstanding. When he graduated from college, he hav federal loans of $49,600, with an average APR of 5.4\%. Six months after graduation, he started making payments using the standard repayment plan. How much is his monthly payment? If all his student loans were subsidized and if he wants to minimize his monthly payment to increase his financial flexibility, what repayment schedule would be best for Anthony? What will be his new maximum monthly payment if his federally calculated discretionary income is $4,960 per month? As per Standard repayment plan Anthony's monthly payment is $ (Round answer to 2 decimal places, e.\& 150.25.). The best repayment schedule for Anthony would be Anthony's maximum monthly payment will be $ (Round answer to 0 decimal places, e.g. 5,125.)
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