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Student Loan - Amortization

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bankmanbb Joined: 24 Aug 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Aug 24, 2010 7:45 pm    Post subject: Student Loan - Amortization Like 0 Dislike 0 I owe $90690.00 in law school loans and have been paying them monthly for 9 years so far. I have been paying 720 per month for a while now. The average interest on all six loans is 4.67. These loans have been consolidated hence the one monthly pymt. I want to structure my paymts as follows: Monthly $730 Extra Paymt to Prinicipal per month $170 One time yearly payment $2500 for the next 6 years My question is when would I finish this loan off? My calculations without the yearly payment show that I would be done in 13 years without including the yrly pymt of $2500. I have not been able to find a calc to help me figure this out and would appreciate your help.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue Aug 24, 2010 9:51 pm    Post subject: Like 0 Dislike 0 Hi bankmanbb, You can check out the given page below in order to find a "student loan amortization schedule" calculator: "http://www.studentloansed.com/calculators/student-loan-amortization-s chedule.htm" Take a look at it. I hope it'll help you. Thanks

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