- Joined
- Sep 29, 2015

- Messages
- 606

- Reaction score
- 731

Yeah, just put it in this spreadsheet, you can put in the numbers yourself to see the difference there. At the bottom of it, there are multiple tabs so you can compare multiple schools.So I've tried a bunch of different calculations to see if either school would save me any money/loan payments in the long run over the other. I keep coming up with different numbers and am not sure how to calculate them correctly.

Would you be willing to help me figure out the difference between the two if I were to live off of $1200/month at Western and $800/month at Roseman?

Everything listed online for Western is correct for what we were given. However Roseman's budget online I don't believe is correct. I'll attach a file showing what Roseman gave us for cost estimates for D1 (D2-D4 should supposedly be less, although they haven't given me any clear answer by how much. Maybe just a couple thousand?)

Thanks in advance for any help!

Interest is weird. It all depends on how it's being calculated. I just talking to a lender last week about buying a house. A house with a market value of $100,000 while only putting 3.3% down at around 5% APR would end up costing around $183,00 total with a 25 year repayment plan. Can you believe that? Of course that cost will come down, if you put more money down up front and pay it off quicker. Interest is a killer though.

Anyways, what I did was just a very simple estimate using the formula: Total COA = D1 x (1.06)^4 + D2 x (1.06)^3 + D3 x (1.06)^2 + D4 (1.06)^1

That's why the

__cost of attendance of a school (interest included) is a lot more than when considered without interest.__

*real*However, the calculations I have put in that sheet are only good for essentially the day you walk out the door. Calculating a 15 or 20 year repayment plan for that kind of debt would just start to get depressing. For example, if you took out full loans from NYU dental school, I think the total cost of a 20 year repayment plan would probably be somewhere in the $700,000+ or $800,000+ range.

#### Attachments

Last edited: