Trade Schoools, Community Colleges when Paying them Back? (student, loans, information)

[napy666]

My friend went to Everest College and went with the option of paying just $20 a month to pay back her $1,500 bill. Can she really only pay $20 a month? Also once she has finished paying off her bill will she have to worry about interest rates as well?

[Pitt Chick]

Her contract will have that information on it.
We do not know what she signed....

[Army_Guy]

She will have to see if there's a early repayment penalty and if there's interest.

It's something she should've known before signing the contract.

Student loans do go on your credit reports.

[napy666]

Oh I see.

[joe from dayton]

She could also just be making a $20 a month interest payment.