What is the average monthly payment for student loans?
<answer> The monthly payment on a $25,000 student loan is approximately $280 which can cause financial strain if you’re not prepared for it. <context> Budgeting for Student Loan Repayment. The average student leaves college with about $25,000 in student loan debt. The monthly payment on a $25,000 student loan is approximately $280 (assuming 6.8% interest and a 10-year repayment plan), which can cause financial strain if you’re not prepared for it. If you’ve borrowed more than $25,000, your payments will be even higher.