How are loans calculated?

Answer A loan is when a bank and other financial institution allows people to borrow money and then repay it over time. Most loan calculations depend on the interest rate, term, amount borrowed.Monthly Pa... Read More »

Top Q&A For: How are loans calculated

How are home equity loans calculated?

A home equity loan pledges your home as collateral for loan. There is a certain process involved in calculating a home equity loan. The amount you receive is based on the equity in your home.Signif... Read More »

US forgave Egypt their loans, why can't US forgive American's student loans that are suffocating our kids?

Because American students dont do for America what Egypt does on behalf of America in the Middle East.

PARENT (PLUS) LOAN QUESTION: if we decided not to sign these loans could my child still get gov't loans?

If you decide not to take out PLUS loans then she can still get the federal Stafford loan. (And even if you DO decide to take out PLUS loans she can take out a federal Stafford loan). Her interes... Read More »

What Loan company will take over my federal student loans when the loans are in default?

When your federal educational loans are in default, you have several options:You can repay the loan in full.You can negotiate a new payment plan with your lender.You can "rehabilitate" your loan.Yo... Read More »