See what we can offer to your school
"SimpleStudy just makes sense...”
Get the best plan for your school
10 cards from this deck
Interest calculated on current balance, not original amount
Original amount borrowed
Cost of borrowing money
Loan payment×Number of repayments\text{Loan payment} \times \text{Number of repayments}Loan payment×Number of repayments
Total to be paid−Principal\text{Total to be paid} - \text{Principal}Total to be paid−Principal
Pay less interest over time as balance decreases
Multiply table value by number of thousands borrowed
Higher monthly payments but much less total interest paid
Reduce time to repay and total interest charged
Many fees are negotiable; compare between institutions
Select your subjects, and get access to A+ resources today.