For many students, the cost of attending college is a major consideration when deciding on which colleges to apply for.
But there are many other factors that come into play, including the financial situation of the student.
The U.S. Department of Education defines a typical student loan repayment period as two years.
That means that a student would need to repay their loans over a period of four years.
The average student loan student loan is paid off in 10-year increments.
So to understand what the average student loans repayment periods look like for different types of borrowers, ABC News contacted a range of sources to determine what the median student loan borrower’s repayment period is.
The averages ranged from three years to five years.
“It’s really not as hard to determine an average repayment period for a different group,” said Elizabeth Ritchie, a loan analyst with the Institute for College Access and Success (ICAAS), which provides information to lenders about student loan borrowers.
The median student loans repayments range from about 10 years to 12 years.
Ritchie also said the average debt for a student loan loan borrower ranges from $31,500 to $60,000, depending on the type of loan and the borrower’s financial situation.
As a general rule, borrowers are more likely to pay off their loans if they have a lot of debt.
“You can go into a school, and you’ll be fine,” Ritchie said.
There are some exceptions.
“It’s not as easy to tell whether a student has a loan that’s more than $150,000 or if they’re going to have to pay more on top of that,” Ritchy said.
“You’ll be able to see that there are higher loan repayments, but it’s not necessarily a better way to go about it.”
For example, a student with a $50,000 student loan might not be able afford to pay it off over the next four years, but they might have to make more payments if their income grows more rapidly than the school’s budget.
And some borrowers have to have loans that are more than the value of their home.
For example, borrowers with student loans from private lenders who have been unable to pay their mortgages or have been evicted could face interest rate increases or higher interest rates.
Ritchie said if a student is struggling to make payments, there are other ways to get help.
“It could be to make the payments on the other loans you have or make a payment from your savings account or some other kind of way, to make it easier for them to make those payments,” she said.
To help you better understand how your loan repayment can be calculated, ABCNEWS asked several experts to provide the median loan repayment periods for different borrowers.
Here’s what they had to say:Loan borrowers are typically in a situation where they have to work multiple jobs in order to pay for their college education.
This can create financial strain on a student’s household and, in some cases, could result in the student going back to school.
Loan rates are high and some borrowers may need to borrow from multiple lenders to cover their entire debt load.
“A lot of people are going to be able, because they have this debt, to go back and borrow from their friends and family,” Ritzy said, adding that a good way to reduce the cost to the student is to have a loan servicer help with their payments.
“If you’re paying interest, then that’s not really a bad thing, but if you have to borrow money, then you’ll likely have a bigger problem,” Rinson said.
Another option is to get a loan directly from a bank.
That can be easier for some borrowers because they can make loans directly from their bank accounts.
However, some borrowers, including students who have student loans in repayment plans, may be more comfortable with a direct line of credit, said Stephanie Johnson, a personal finance and personal loan expert at AARP.
Another option for students is to apply directly to a private lender.
Many private lenders are able to lend student loans directly to students, although they may have higher fees than they would with banks.
But Johnson said that many private lenders also offer financial counseling services, which are geared toward students who may be in a financially tough financial situation but may not be ready to take on additional debt.
“A lot will depend on whether they have good financial management skills, and if they are looking for a loan or not,” Johnson said.
A borrower may also be able get help from the U.N. refugee agency, which can help with some of the costs associated with attending school.
For students with student loan debt, a refugee can help them reduce the amount they will owe and also help them avoid some of their debt.
The average loan payment for a typical U.B.C. student borrower is $27,000 per year.
While it’s possible to repay