Student Loan. Any advice?

Balance:$ 17,500.00

14.25%

Interest rate type: Variable

Unsubsidized

Accrued borrower interest: $1,591.18.

This is one of 5 loans that my husband has, I dont have to pay until 2010 but we are gonna start paying on this now. We are gonna send 150/month to the principal. About how long will it take to get this paid off or what is a good amount to send each month so that it wont hurt us later. Thanks in advance

Student Loan. Any advice?

Well lets start with your interest, at this rate you will be accruing around and extra 1300 each year in interest. If you make payments at only 150 it will take you roughly 117 payments to pay this off with no interest accrued so think about adding close to another 25 payments so you will have to make around 150 payments that is nearly 12 1/2 years of payments, were as if you pay 300 a month that will cut it down to closer to 4-5 years and less money. Try to pay off as much as you can each month, it will save you alot in the long run