Two-thirds of undergraduate students, who graduated with a bachelor's degree in 2007-2008, had student loan debt. The average student loan debt among these graduating seniors was $23, 186. The average interest rate on student loans is 8.5%. How much interest will a student with $23, 186 in student loan debt need to pay in the first year? O $197.08 O $3,477.90 O $19,708.10 O $25, 156.81 O $1,970.81 Check