View Single Post
Old December 4th, 2003, 12:11   #25
naunga
Senior Member
 
naunga's Avatar
 
Join Date: Aug 2001
Location: McDonough, GA
Posts: 982
Send a message via AIM to naunga
Default Re: Financing Training

Yeah the $40K loan for 15 would come out around $300 when you add interest on to it. I didn't do that when in my first example, because it wasn't needed to prove the point (man talkin' to you guys makes me feel like I'm back in school defending proofs.)

The Sallie Mae loan was a mistake on my part. It's 15 years at 7.5%. My bad.

Anyhow, $500/month for school loans, which traditionally are low interest / long term loans seems a bit steep to me.

The amount of money spent must've been staggering, and it might be worth while to get with someone to take a look at the finances.

I don't mean anything by it EatSleepFly...although I'm sure you didn't take any offense.

Naunga
naunga is offline   Reply With Quote