while a little messed up. i've gon eover it again and again. why is my student loan minimum payment so high on my variable rate loan? for example, when I run it in a standard loan calculator, one of my laons at $9,100 at 2.75 variable for 20 years my minimum should be about $49. However, through American Education Services my minimum paymentr is about 96/month. what gives? my rate can't varying that much

5/2/2009 10:50:38 PM

AES charges a much higher rate than that if you went through that Astrive nonsense they have commericals for on tv all the time?

[Edited on May 3, 2009 at 12:15 AM. Reason : df]

5/3/2009 12:14:51 AM

think astrive is out of business

5/3/2009 12:28:40 AM

sober up and try again

5/3/2009 12:54:31 AM

my minimum on $12,600 is $93, but who the hell would pay the minimum anyway, you'd pay ungodly amounts of interest over 20 years, i plan to have mine paid off by next year, which will be 2 years after i graduate

5/3/2009 3:37:23 PM

^sometimes it makes sense to pay the minimum...without knowing the rest of his financial situations, there's no way to make that blanket statement

5/3/2009 6:24:09 PM

Quote :

"sometimes it makes sense to pay the minimum...without knowing the rest of his financial situations, there's no way to make that blanket statement"

x2

esp since u can write off some of the interest.

5/3/2009 7:29:16 PM

haha actually the reason I started looking into it was because I was trying to figure out how much extra a month to pay to get it paid off within 10 years. I think I got it figured out now

5/3/2009 8:24:03 PM

who says the standard calculation used is for 20 years?

5/4/2009 10:07:12 PM