CBR Forum - Enthusiast forums for Honda CBR Owners

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CBR Forum - Enthusiast forums for Honda CBR Owners (https://cbrforum.com/forum/)

- New Member Area (https://cbrforum.com/forum/new-member-area-5/)

- - Student Loan? (https://cbrforum.com/forum/new-member-area-5/student-loan-6564/)

Chris004

12-01-2005 05:31 PM

RE: Student Loan?

Yea, how does the 7 points work? It is applied to the total loan amount right at the beginning? Then in addition to that its 11.90% interest?
So how much would the total come out to? It would be higher then $6000 right?

L8X	12-01-2005 09:56 PM

RE: Student Loan?

go to school, buy a bike! if this doesnt keep kids in school, i dont know what will! :D

cjbettis

12-01-2005 10:51 PM

RE: Student Loan?

"• Origination Fee: 7.00%"

(ie on 5000 = 7% fee x 5000 = $350)

So loan would be $53500 @ 11.99% if you want to pay it off in 3 years = $177.67/mo (just so you know, truly =s 16.76% then becasue of origination fee--points if 3 year term)

Not horrible if you truly have no credit/bad credit.

Did you ever find out your credit score???

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