Susan has $40,000 of federal loan debt and chooses to make a monthly payment of $200. Brian also has $40,000 in federal student loan debt and chooses to make a monthly payment of $350. Assuming both lone carry the same interest rate, which of the following statements is TRUE?
a) Brian will pay LESS in interest over the term of his loan.
b) Susan will pay LESS in interest over the term of her loan.
c) Brian will pay MORE in total because he has a lower credit score than Susan does
d) Susan’s loan repayment term is shorter than Brian’s loan repayment term.
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Susan has $40,000 of federal loan debt and chooses to make a monthly payment of $200. Brian also has...
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