Tuesday, July 28, 2009


Debt Wizard

How much salary do I need to support my student loan debt?

Based on student loan debt of $63,000.00* to be repaid over 10 years at 6.8 percent interest, my estimated monthly payment is $725.01.
To support repayment of the debt, I should earn at least:
$52.28 Hourly
$9,062.58 Monthly
$108,750.91 Annually

*sobs uncontrollably*

at least I know:

"If you die, your student loan obligation will be cancelled."

Handy information, really.... @#$%^!

*I'm erring on the side of over estimation, here (I think hope)

....but, still.


Laoch of Chicago said...


miss. chief said...

NOOOOOOOOOOOOOO! i never want to know how much i owe. haha, especially when they're like "you should pay three times as much as your rent is every month"


GingerMandy said...

lets murder each others alter egos and change our names to thelma and louise. or paris and nicole, something like that.

you in?