So I'm a junior in high school and I've pretty much accepted that I'm going to have student loans to pay off but I dont exactly understand the process of paying it back. Do you get a bill every month? Is there an interest rate? If there is whats the average? How long do you have to pay it back? Can you make late payments? Basically treat this like an "explain like I'm five" post because I have 0 clue on how any of it works. I apologize if there has already been a thread about the subject.
Submitted January 25, 2017 at 12:32PM by html_noah http://ift.tt/2ktrSeu
