Hello SFE! I am posting this question speaking on behalf of the students in my class, as we all have the same question.
We've been using the Repayment Calculator and we saw that apparently we'll have to repay almost three times the amount we've borrowed.
We didn't understand very well the "Estimated Future Repayments" graph, so could u please explain the reason why the line of "Annual Repayment Amount" keeps increasing over the years. Will it happen even if our income does not vary over the years?
And finally, we don't understand the strange curve that the bars of "Loan Amount" create. Does it have anything to do with the interests??
Thank you very much! Understanding this would really resolve many questions!
Loan Repayment Watch
- Thread Starter
- 09-04-2013 16:26
Mark Lee - SFE Official Adviser
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Offline2ReputationRep:Official TSR Representative
- Official TSR Representative
- 11-04-2013 13:38
Don't worry I haven't forgotten you! I'm just waiting for some clarification on this from our repayments folks.