I am graduating this semester from an American school with 120k in student loans.
The standard 10-year payment plan suggested to me via email and snail-mail is a little over 1k dollars per month -- which I think is a bit high and ambitious.
So, my question is: what if I instead opted to pay the minimal amount possibly allowed by my loan servicer?
Is there anything wrong with paying off my loans in ... 30+ years...rather than in the more ambitious 10 years?
And if you're willing to answer another short question: what if I am deceased before I pay off my balance? Does the debt get transferred over to a family member, or does that debt just get written off?