Help With student loans calculations.

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bananas85

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Hey SDN ers need your help

I m weak with finances, and have been putting the student loan thing off. Well anyways I have a hefty burden about 375000 which has allready gone up to 400 000 in my 14th month of residency.

I am guessing its going to be around 450000 by the time I graduate. If I was to do an IBR plan and lets say get a straight hospitalist job outside of residency, (around 220,000) what would my monthly payment be?

The student loan calculator for IBR puts it at 2535, when I punch in the numbers. Does that sound right??


So if I make 220000, my take home pay after taxes will be around 11000 a month and out of that about 2500 in loans.. So 8500 left over..

Is this the situation for most people that graduated?
 
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