The other day I wrote about the consolidation of my NJCLASS loans – well, these are the numbers for my Federal Student Loan Consolidations!
Final fixed interest rate: 4.750%
Consolidation Term: 25 Years
Total Consolidation Amount: $57,523.00
Final Amount to be Paid if I only pay the minimum for 25 years: $98,384.58
And for those of you keeping count, that means that if I pay the bare minimum for the next 25 years, I owe $98,384.58 in Federal Loans + $111,796.10 in NJCLASS loans + $7,517.95 in a Citibank Graduate Loan, which equals…
$217,698.63!!!
Ah ha ha ha ha ha ha ha ha ha!!! Ha ha ha ha ha ha ha ha!
Ahhhhh…