Congratulations to our presumptive Democratic nominee, Joe Biden!
for graduate students. 7.44% for parents and graduate students taking out PLUS loans.
https://www.credible.com/blog/refinance-student-loans/what-are-average-student-loan-interest-rates/
100,000 USD at 7.44% paid back over 25 years (the Federal Extended loan period) yields
TOTAL PAYMENTS $220,530
TOTAL INTEREST $120,530
If you have a total of 5 years forbearance mixed in (where interest still accrues)
TOTAL PAYMENTS $250,240
TOTAL INTEREST $150,240
200,000 USD (can easily get there is a student goes for a masters and/or PhD)
TOTAL PAYMENTS $441,053
TOTAL INTEREST $241,053
with 5 years of forbearance
TOTAL PAYMENTS $500,481
TOTAL INTEREST $300,481
As of 2018, a total of 44.2 million borrowers now owe a total of over $1.5 trillion in student debt. According to Forbes Magazine, the total amount owed has more than doubled in 10 years (up 250%) from $600 Billion to $1.5 Trillion (my note, it is now over 1.6 trillion), and with the addition of new borrowers the rate of delinquency greater than 90 days, or default, has doubled to over 11% nationwide, according to the Federal Reserve.
scammers indeed 
If I were to vote in a presidentialprimary today, I would vote for: Joe Biden
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