I haven't had a math class since my freshman year in college. That sounds like more math than my brain can handle. I'm just gonna let my daddy's accountant look at the loan offers I have and give me the numbers I will actually understand.
I received my fin aid package from Hastings and I'm trying to dig my way through all of my options.My question is this: in trying to calculate how much I will eventually pay out to my lenders once I have completely paid off my loans, I need to know how often the interest compounds on Stafford and Perkins loans. Is it daily, weekly, monthly or annually (I'm assuming either monthly or annually)?Anyone have any idea?