Payment of $100 a month: 30 years at 4.45% and 23.5 years at 3.14%
Payment of $150 a month: 15 years at 4.45% and 13.5 years at 3.14%
Payment of $200 a month: About 10.5 years at 4.45% and 9.5 years at 3.14%
Subsidized loans: 4.45%
Unsubsidized loans: 4.45%
Private Bank Loans: 3.14%
Interest rate affect on overall cost of loan: When the interest rate increases that will increase the payments per month or increases the amount of time spent paying back loan.
Surprising at how long it takes to pay back a loan at $100 a month