Discuss the impact of student loans with your clients
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1 Source: Ascensus/College Savings College Savings Planner. Sept. 30, 2017.
2 Source:https://studentaid.ed.gov/sa/types/loans/interest-rates, “Interest Rates for Direct Loans First Disbursed on or After July 1, 2017” states 4.25% is the interest rate for Direct Subsidized and Direct Unsubsidized loans for undergraduate school. The information is as of Oct. 10, 2017, interest rates for federal student loans are determined by federal law and can change.
3 Source:studentaid.gov, Overview of Direct Loan and FFEL Program Repayment Plans section states the standard repayment plan is 10 years.
4 Out-of-pocket = total invested + loan total