How Do Interest Rates Work on Student Loans?

The average graduate nowadays seven and ten students will have a loan at student debt. The most popular loan is a Stafford loan which is a six point nine percent interest rate loan if it's unsubsidized in the U.S. Average person takes about 20 twenty one years to pay it back so that means you're actually when you do the numbers playing coastal to seventy thousand dollars for a piece of paper.