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

Postby lsatbdog » Sat Jan 16, 2010 10:27 am

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
Thats the thread I guess...


ughOSU
Posts: 444
Joined: Mon Sep 28, 2009 9:42 pm

Re: Calculating loan repayment and total amount owed

Postby ughOSU » Sat Jan 16, 2010 10:36 am

e: beat me to it...

Z3RO
Posts: 526
Joined: Thu Sep 03, 2009 11:57 am

Re: Calculating loan repayment and total amount owed

Postby Z3RO » Sat Jan 16, 2010 11:07 am

Harvard has this on their website:

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

lrn2 google.

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baboon309
Posts: 341
Joined: Wed Oct 14, 2009 12:21 am

Re: Calculating loan repayment and total amount owed

Postby baboon309 » Sat Jan 16, 2010 11:17 am

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

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

Re: Calculating loan repayment and total amount owed

Postby GATORTIM » Sat Jan 16, 2010 11:35 am

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

Postby rosehuten » Tue Sep 27, 2011 12:22 am

Found another website withe good tips.

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

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

Re: Calculating loan repayment and total amount owed

Postby bigworld » Wed Oct 12, 2011 2:30 am

.




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