Miller-Motte Technical College-Lynchburg Tuition 2024| The College Monk

Student Loans

Example Loans

$21,534

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$223

Total interest paid

$5,283

Sum of Loan Payments

$26,817

To have a realistic understanding of how much it will cost to study at Miller-Motte Technical College-Lynchburg here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $21,534 for example. This will result in a $2,682 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $26,817 which is $5,283 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	N/A

Degree

Year

Cost per Credit hour

Graduate

2018 - 2019

N/A

Undergraduate

2018 - 2019

N/A

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