Best answer
20 years
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How long do you have to pay back private student loans?
Private student loans. Unlike federal student loans, there is no standard repayment schedule for private student loans. Generally speaking, many private student loans give you 120 months (10 years) to repay. However, some private student loan terms have you repay over 25 years.
How long does a pay as you earn repayment plan last?
With a Pay as You Earn Repayment Plan, you will have between 20 and 25 years to repay your loan. At the end of that time, if your loan has not been paid off, your loan will be forgiven.
How much should you pay in student loan repayments?
As a good rule of thumb, the monthly payment you should expect to be giving back to your lender will be about 1% of the loan balance at repayment. Under the graduated repayment plan, borrowers have up to 30 years to repay their federal student loans, depending on the amount borrowed.
Why does it take longer to repay my student loans?
Educational costs and your degree level correlate closely to how long it takes to repay student debt-attending a pricier school or pursuing postgraduate degrees comes with more costs, which can mean taking out more student loans. And these higher balances typically take longer to repay.