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Federal Direct Student Loan Request Form Yale

Federal Direct Student Loan Request Form Yale

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Instructions and help about Federal Direct Student Loan Request Form Yale

what's something really important that you should have been taught in school but you weren't how loans work i would know i'm a doctor i went to school for a long time and i'm going to show you how quickly interest adds up here's a quick example of someone starting to pay a 50 000 loan their first year out from school let's say they're paying 200 bucks a month for the whole year so here's all those payments so in july their loan is 50 000 then in august it's 50 000 plus the new interest minus their last month payment so it's that much and then we'll show the rest of the year and the total loans they paid that year are some they paid a total of 2 400 but their total loan amount went up by almost 100 dollars

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