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Calculate Student Loan Payments

Eduardo Said:

Do student loan payments go up or down?

We Answered:

I'm afraid your math is completely wrong, but you are also wrong in thinking that with a fixed interest rate, your payments go down. Your payments will stay steady until you have paid off the loan.

Okay, here's where you are wrong. First of all, interest is compounded over time. That means that you aren't just paying 4.5% on the original $26,000, but you are also going to be paying interest on the interest that you still owe. And they usually have you pay off most of your interest first, and then the principal, which means that you will have interest that continues to accumulate while you are paying off your loan. In general, you can assume that the interest you end up paying will be pretty close to the same amount as the principal that you took out.

I just calculated your total on a compound interest calculator. The total you will be paying is $40, 377.20. If you divide that into 120 months, your payments will be 336.48 monthly.

Ronald Said:

Calculate the monthly payment for a student loan of $31,907 at a fixed APR of 5.9% for 15 years?

We Answered:

scholarships.onlinewebshop.net - it provides some tips about applying to US federal and state grants for college students.

Kathryn Said:

How do I calculate the NPV of student loan debt?

We Answered:

check these out, I know, lots to read but the info is there!
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me, hope it helped you.

Jamie Said:

How should I calculate my gross income for the purposes of deferring my UK student loan payments?

We Answered:

The clue is in "gross" income. You put down what your salary is before anybody does any jiggery pokery with it.

Beatrice Said:

When are my Student Loan payments Due, If i am continuing Post secondary College?

We Answered:

For federal student loans, you do not have to start repayment until you graduate or drop below half time. If you continue with your masters after you earn your bachelors, then your loans will continue to be deferred so you don't have to pay on them until after you finish your masters. Or drop out.


.Your estimates for loan amounts are WAY more than you'll ever be able to borrow in federal student loans. They have a yearly MAX on them to protect you. Dependent freshman can only borrow 5,500 a year, sohp 6,500 a year, Jr's and seniors 7,500 a year (each year). That's not even close to the 100,000 you are saying you "need" for your undergraduate.
People don't attend schools they can't afford on federal student loans, they have rich parents who pay.

Grant and scholarship applications should already be in if you wanted anything for the fall. you are correct to be pessimistic.

Find a school less than the 5500 you can borrow in federal aid and you will be fine.

Evelyn Said:

Is social security disability income used when calculating student loans payments?

We Answered:

scholarships.onlinewebshop.net - it provides some tips about applying to US federal and state grants for college students.

Jean Said:

can some one help me calculate my student loan payment?

We Answered:

Well 6% of $10,750 is $645.00

I'm not sure how and when the payments would be due though.

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