Student Loan calculator
How much are you borrowing to go to college?
The typical graduate borrowed $29,400 for a four-year degree and $57,600 for a graduate degree in 2012, according to the New America Foundation.
To afford a loan, you should make at least a year.
Financial advisers say student loan payments should be no more than 10% of your gross income (before taxes). A good rule of thumb is not to borrow more than your first year’s salary.
SOURCE: The Institute for College Access and Success, College Board, New America Foundation.