Originally Posted by cowgirla
I realize this could probably be done with a loan calculator just as easily, but I'd be interested in seeing how these numbers change assuming that interest is accumulating on these amounts during the four years. Anyone good with numbers that can do it in less time than I could?
Without going into math (best to use a HP).....
6.75% interest on 4 equalannual streams of payments (I understand tuition increases but this is easiest).... will lead to approximately an 18% increase in principal after 4 years. So if you will borrow 200,000 over 4 years (50k a year) that will be 236k due on graduation.