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To calculate the total amount paid under Plan 1, we need to find the total number of payments made over 10 years and multiply it by the monthly payment amount.
Total number of payments = 10 years * 12 months/year = 120 payments
Total amount paid under Plan 1 = Monthly payment * Total number of payments
= $361.91 * 120
= $43,429.20
Therefore, under Plan 1, the student will pay a total of $43,429.20 to repay their student loan.
Now let's consider Plan 2. Please provide the details of Plan 2, such as the monthly payment and the interest rate.