Financial Consequences - Loan Payment after Graduation

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iiifly
Posts: 57
Joined: Tue Feb 09, 2010 3:57 pm

Financial Consequences - Loan Payment after Graduation

Postby iiifly » Wed May 23, 2012 11:23 am

Ignorance is not bliss.

Tried my best to display this. For whatever reason spaces don't work. I have the excel file if there is any interest.

Student Loan Interest Rate____________LIBOR + 3%__________________Loan Disbursement Schedule
Current 1 YR LIBOR Rate______________1.07%______________________8/15/2012
Computed Loan Interest Rate__________4.07%______________________12/15/2012
Standard Student Loan Term (Years)___10__________________________8/15/2013
Number of Payments over Term________120_________________________12/15/2013
Graduation_________________________5/20/2015____________________8/15/2014
_______________________________________________________________12/15/2014

Annual Loan Amount___________Loan Outst. on Grad Date______________Monthly Loan Repayment____________Total Loan Payments
$5,000___________________________$15,994____________________________$162_________________________$19,496
$10,000__________________________$31,988____________________________$325_________________________$38,991
$15,000__________________________$47,982____________________________$487_________________________$58,487
$20,000__________________________$63,976____________________________$650_________________________$77,983
$25,000__________________________$79,970____________________________$812_________________________$97,478
$30,000__________________________$95,964____________________________$975_________________________$116,974
$35,000__________________________$111,958_________________________$1,137_________________________$136,470
$40,000__________________________$127,952_________________________$1,300_________________________$155,966
$45,000__________________________$143,946_________________________$1,462_________________________$175,461
$50,000__________________________$159,940_________________________$1,625_________________________$194,957
$55,000__________________________$175,934_________________________$1,787_________________________$214,453
$60,000__________________________$191,928_________________________$1,950_________________________$233,948
$65,000__________________________$207,922_________________________$2,112_________________________$253,444
$70,000__________________________$223,916_________________________$2,274_________________________$272,940
$75,000__________________________$239,910_________________________$2,437_________________________$292,435
$80,000__________________________$255,904_________________________$2,599_________________________$311,931
$85,000__________________________$271,898_________________________$2,762_________________________$331,427

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rinkrat19
Posts: 13918
Joined: Sat Sep 25, 2010 5:35 am

Re: Financial Consequences - Loan Payment after Graduation

Postby rinkrat19 » Wed May 23, 2012 11:25 am

...and?

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Tiago Splitter
Posts: 15520
Joined: Tue Jun 28, 2011 1:20 am

Re: Financial Consequences - Loan Payment after Graduation

Postby Tiago Splitter » Wed May 23, 2012 12:39 pm

This guy thinks going to USC is no different than going to Columbia because you'll get the same salary if you get a job. So prepare yourself for some BearsGrl-esque arguments.




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