Arizona State University: How do 15- and 30-year terms differ?

DIRECT ANSWER

Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.

CFPB says a shorter term generally means a higher monthly payment but less interest over the life of the loan; its comparison includes 15- and 30-year terms.