How does the interest on education loans accrue?

0 ⤊

How does the interest on education loans accrue?

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.

2007-10-25 09:45:41 · 2 answers · asked by nwaff102 1 in Education & Reference ➔ Financial Aid

2 answers

Just call your lender. They can easily and quickly tell you.

2007-10-28 15:42:52 · answer #1 · answered by John 3 · 0⤊ 0⤋

2016-10-23 21:07:36 · answer #2 · answered by ? 3 · 0⤊ 0⤋