Infographic: Are You Taking on Too Much Student Loan Debt?

Don't dig yourself into a debt hole

Student loan debt is at an all-time high. In fact, nearly 11% of all student loans are delinquent. This begs the question: are you taking on too much education debt? The best way to prevent yourself from becoming part of a student loan default statistic is to calculate how much you can actually afford to borrow before you sign on the dotted line. Personal finance website Bankrate walks us through this process in the following infographic.

  • Loan amount:
  • Loan term:
  • months
  • Interest rate:
  • % per year
 

Bankrate.com Student Loans Bankrate.com Bankrate.com Student Loans