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

[darkatillam2]

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]

http://www.top-law-schools.com/forums/v ... 5&t=162177

[darkatillam2]

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]

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

[Samara]

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

IBTL

[vanwinkle]

http://www.top-law-schools.com/forums/v ... 5&t=162177

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