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0/MO That’s a lot less than the five hundred dollars a month STANDARD 10-YEAR REPAYMENT PLAN 0/MO you would have spent on a standard ten-year repayment plan.
STUDENT LOAN And you can often get a lower monthly payment 0, 10 YEARS, PRINCIPAL, INTEREST because you will have a longer repayment period— 0, 25 YEARS so there are some trade-offs to keep in mind.A LOT MORE But by comparing the pros and cons of each repayment plan available, REPAYMENT PLANS you’ll be able to find out which option is right for you.BETTER MONEY HABITS® BANK OF AMERICA WITH KHAN ACADEMY BETTERMONEYHABITS.COM THE MATERIAL PROVIDED ON THIS VIDEO IS FOR INFORMATIONAL USE ONLY AND IS NOTE INTENDED FOR FINANCIAL OR INVESTMENT ADVICE.BANK OF AMERICA AND/OR ITS AFFILIATES ASSUME NO LIABILITY FOR ANY LOSS OR DAMAGES RESULTING FROM ONE’S RELIANCE ON THE MATERIAL PROVIDED.