## Calculating loan repayment and total amount owed

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
lsatbdog

Posts: 48
Joined: Mon Oct 19, 2009 11:50 pm

### Calculating loan repayment and total amount owed

I am curious as to how the interest on student loans accrues long-term and if there is an easy way to calculate this.

This might seem like a silly question, but since interest is constantly accruing while you are making the payment it seems like it is a tricky (or at least really time-consuming) calculation to make. Is there any relatively simple way to calculate this, or some online calculator useful for such purposes?

EDIT:
Found this and it works pretty well...
http://www.bankrate.com/calculators/mor ... lator.aspx

ram jam

Posts: 297
Joined: Fri May 01, 2009 1:32 pm

### Re: Calculating loan repayment and total amount owed

ughOSU

Posts: 443
Joined: Mon Sep 28, 2009 9:42 pm

### Re: Calculating loan repayment and total amount owed

e: beat me to it...

Z3RO

Posts: 526
Joined: Thu Sep 03, 2009 11:57 am

### Re: Calculating loan repayment and total amount owed

Harvard has this on their website:

http://www.law.harvard.edu/apps/sfs/cal ... home-calc/

baboon309

Posts: 341
Joined: Wed Oct 14, 2009 12:21 am

### Re: Calculating loan repayment and total amount owed

You can use formulas inside excel.
It`s not hard.

GATORTIM

Posts: 1214
Joined: Tue Jun 09, 2009 3:51 pm

### Re: Calculating loan repayment and total amount owed

baboon309 wrote:You can use formulas inside excel.
It`s not hard.

or you can visit one of the half-dozen aforementioned sites /thread

rosehuten

Posts: 1
Joined: Tue Sep 27, 2011 12:20 am

### Re: Calculating loan repayment and total amount owed

Found another website withe good tips.

http://www.financeninvestments.com/loan ... ments.html

bigworld

Posts: 1
Joined: Wed Oct 12, 2011 1:11 am

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