With private student loans, monthly payment and overall repayment costs depend on the type of repayment plan the borrower selects. (credible.com)
The calculator will let you know the monthly repayment cost as well as the total amount that will need to be repaid for each loan. (calculatorpro.com)
By making one large lump sum payment, balloon loans allow borrowers to lower their monthly loan repayment costs in the initial stages of paying back a loan. (valuepenguin.com)