Collage tuition project
By. Ellie Bunn
These Are The Collages I've Chosen
New York University
Principal : $17,204
Total cost : $19,473.60
Total interest owed : $2,269.60
Monthly payment : $405.70
Now keep in mind that my rate is 6.21 and my time, or life of the loan is 4 years.
Southwestern Assemblies of God University
Principal : $9,450
Total cost : $10,696.32
Total interest owed : $1,246.32
Monthly payment : $222.84
Agian remembering that I have the same rate of 6.21 and life of the loan as 4 years.
Dallas County Community Collage District
Principal : $708
Total cost : $801.60
Total interest owed : $93.60
Monthly payment : $16.70
The Kings University (Southlake)
Principal : $5,236
Total cost : $5,926.56
Total interest owed : $690.56
Monthly payment : $123.47
While comparing all the numbers if I were to apply this project to my real life situations I'd have to remember that my interest rate is 6.21 and that the life of the loan is 4 years. And that later when I do take out a loan that it will most likely be different.