If you’re a recently available college grad with education loan financial obligation, then you don’t know whenever you’ll have your loans compensated off—or exactly how much you’re investing in interest for the undergraduate level.

That’s the takeaway from a brand new study from people Bank, which unearthed that almost six in 10 millennials report underestimating their monthly obligations, 45% have no idea just how much of these yearly wage they invest in their loans, and more than one-third don’t even understand just exactly exactly what their attention price is. The full 44% of graduates don’t realize the distinction between federal and personal loans.

The study of 501 millennial university graduates with student education loans had been carried out in February.

The most eye-opening data through the research had been that 36% of respondents stated they’d have rethought going to university should they knew the expense connected with it through the get-go.