Is there anything wrong with my assumption?
Posted: Mon Jan 18, 2010 1:11 am
I am trying to figure out how much debt I will have in 2013
I did some financial modelings in excel. It came out like this.
(Base on tuition+COL from Umiami) with 23k scholly
http://uploading.com/files/a75m7d33/Mia ... 2BTLS.xls/
There will be 9 separate loans from 2010 to 2013
3 of them will be subsidized Stafford loans with 6.8% interest rate, the other 3 will be unsubsidized stafford loans with 6.8% interest rate, and 3 different Graduate Plus loan with 8.5% interes rate. Interest will accrue on everything loans
except subsidzed loans.
The total debt came out to be ($124,411.94)
Under 10yrs repayment plan, I will be paying $1483.05 per month
25yrs repayment plan, I will be paying $927.56 per month
Any thoughts?
I did some financial modelings in excel. It came out like this.
(Base on tuition+COL from Umiami) with 23k scholly
http://uploading.com/files/a75m7d33/Mia ... 2BTLS.xls/
There will be 9 separate loans from 2010 to 2013
3 of them will be subsidized Stafford loans with 6.8% interest rate, the other 3 will be unsubsidized stafford loans with 6.8% interest rate, and 3 different Graduate Plus loan with 8.5% interes rate. Interest will accrue on everything loans
except subsidzed loans.
The total debt came out to be ($124,411.94)
Under 10yrs repayment plan, I will be paying $1483.05 per month
25yrs repayment plan, I will be paying $927.56 per month
Any thoughts?