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 [...]