While Student B saved $524 in this example,

While Student B saved $524 in this example, that potential savings could be somewhat less or quite a bit more depending on the loan amounts and interest rates in play, as well as how quickly the loan is paid off. Also, notice that the amount paid per month by Student B was not very high, and, although the total savings was only $524, Student B graduated college with about $2,600 less to repay than Student A overall.