3 -3 Student education loans Objectives Explain the options available for college loans. Estimate the interest due in various education loan things. Use the latest basic everyday attract formula. Slide step 1

Search terms-step one • Totally free Software to have Federal College student Services (FAFSA) • Pupil Support Declaration • (SAR) • expected relatives • share (EFC) • government financing • personal financing • Federal Direct Paid • postponed Slip dos

Search terms-dos • Federal Direct Unsubsidized • Loan (Stafford) • accrues • Federal And Financing • Government Perkins Financing • Interest capitalization • Simplified daily attract algorithm Slide step 3

How do you Purchase a blog post–High-school Education? • Exactly how much usually university cost? • What types of loans are around for purchase tuition? Slide 4

29%. She knows that she will be able to start making mortgage costs 6 months immediately after graduation, but desire tend to accrue as soon as the income was paid in order to the lady account. Exactly how much focus usually accrue when you find yourself she actually is nevertheless in school as well as over brand new six -week grace months for it freshman-12 months loan? Fall 5

29%. She knows that she will be able to begin making financing payments half a year after graduation, however, focus will accrue as soon as the funds was paid to help you her membership. (more…)