Paying $1,000 or More Toward Student Loans? Here's What You Need to Do.
The average monthly student loan payment is $337, according to Motley Fool research. But not everyone pays something in that ballpark.
A little more than 20% of borrowers pay between $100 and $199 a month in student loans. And roughly the same percentage of borrowers have a monthly student loan payment of $200 to $299.
On the other hand, almost 15% of borrowers have a monthly student loan payment of $500 to $999. And for 5% of borrowers, their monthly student loan payments amount to $1,000 or more. Ouch.
Source Fool.com
