New loan deals... Someone spell this out numbers wise

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darkatillam2

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New loan deals... Someone spell this out numbers wise

Postby darkatillam2 » Wed Aug 03, 2011 1:34 pm

So I understand the new debt deal for the most part.


Someone just tell me how much extra interest a student starting in August of 2012 could expect to accrue with the COA of $175k.


Just for shits, will someone also break it down for 100k, 150k, and 200k?


Also.... doesn't the interest compound over the life of the loan? So doesn't adding X amount of interest in the first 3 years oppose to starting at year 3.5 really increase the total interest I will pay for the entirety of my loan (interest on first 3 years of interest)? How much extra money does that equate to? I know that really depends on how many years it takes you post school to pay off your loan. But lets say, 10-15 years.

If my thinking is completely wrong, please let me know.

Kurst

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Re: New loan deals... Someone spell this out numbers wise

Postby Kurst » Wed Aug 03, 2011 1:42 pm


darkatillam2

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Re: New loan deals... Someone spell this out numbers wise

Postby darkatillam2 » Wed Aug 03, 2011 2:00 pm

Yea I read that and still didn't get the solid answers I wanted. There were conflicting accounts of how the legislation worked. Does anyone have the know how to answer my OP?

blink

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Re: New loan deals... Someone spell this out numbers wise

Postby blink » Wed Aug 03, 2011 2:02 pm

the thread is called capitol hill is getting scary. page 7ish i believe

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Samara

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Re: New loan deals... Someone spell this out numbers wise

Postby Samara » Wed Aug 03, 2011 2:02 pm

Why don't you try asking in that thread since it's dedicated to the topic and is in the appropriate forum.

IBTL

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vanwinkle

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Re: New loan deals... Someone spell this out numbers wise

Postby vanwinkle » Wed Aug 03, 2011 2:11 pm


Samara wrote:Why don't you try asking in that thread since it's dedicated to the topic and is in the appropriate forum.



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