Press play above, then read the full written lesson in the next item.
You borrow$100,000At 6% over 10 years
You repay$133,225Interest adds $33,225
The salary gap$20,000/yrWith the degree vs without
Break-even6.7 yearsMeasured on what you repay
The amount borrowed$100,000
The amount actually repaid$133,225
Break-even against the amount borrowed says 5.0 years. Against what you actually repay, it is 6.7. That gap is the mistake almost every college calculator makes.