loan payment calculator, Refinancing Faq news.

Mar 22, 2011 by Lindsey Nielsen | Posted in Financial Aid

My husband applied for IBR repayment plan based on our AGI of 52000 and a family size of 3. He owes 41000 and I owe 38000. According to the Federal Student Loan IBR calculator his loans should be ~160 per month. When he applied the application results

It sounds like they are not combining the debt when they perform their calculation. When a married couple both has loans, the IBR payment cap is supposed to apply to BOTH parties. For instance, that $360 limit is supposed to be split between both of

Mar 14, 2011 by Richard Henry | Posted in Credit

I want to save some money now, and in the long run. I'm hoping consolidating will lower my payments, even if it's a half a point.

Is there a calculator that'll tell me all of this?

You likely won't get a lower interest rate. What happens is that they use a weighted average of the interest rates on your current loans and give you that rate. If you only have one loan, you can't consolidate. The benefits to consolidation are that

Mar 03, 2011 by spoilerdave | Posted in Personal Finance

And secondly how do you come up with that calculation? (If you have a link to an online calculator that works out this problem, that would rock)

Again... here's the terms

$70,000 loan
$675 WEEKLY repayment
130

I get 18.69%. Have my own calculator, but if you find one online, here are your inputs:

PV $70,000, PMT -675, n's 130, then solve for i. You should get .36 or .359. Multiply that by 52 to get annualized interest rate.