How does the interest on education loans accrue?
Written by Sam on October 9th, 2008
nwaff102 asked:
I am talking about private loans.
Say I am getting a $20,000 unverified private loan with an interest rate of prime(7.75). What will this loan be in 1 year with no payments? I am struggling with exactly how to figure this out.
I am looking at putting my federal loans in a high yield savings account as being a nurse they will be paid after a while of working.
I know this question is kind of scattered, but so is my head right now.
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I am talking about private loans.
Say I am getting a $20,000 unverified private loan with an interest rate of prime(7.75). What will this loan be in 1 year with no payments? I am struggling with exactly how to figure this out.
I am looking at putting my federal loans in a high yield savings account as being a nurse they will be paid after a while of working.
I know this question is kind of scattered, but so is my head right now.
Powered by Yahoo Answers
1 Comment at "How does the interest on education loans accrue?"
Just call your lender. They can easily and quickly tell you.