Education LOAN/RETURN RATES DERIVED FROM QUARTERLY COMPOUNDING ---------------------------------- |
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Period | (Qrly) | (Monthly) | (HalfYrly) | (Yearly) |
10 Yrs | 10.5%(Q) | 10.5%(M) | 10.5%(H) | 10.5%(Y) |
15 Yrs | 10.5%(Q) | 10.5%(M) | 10.5%(H) | 10.5%(Y) |
Education loans have a moratorium period of duration of education before employment During the moratorium period only simple interest is applied. Pl note that For a rate of interest say 10.5% Quarterly the simple interest rate is 10.92072 applied annually