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?

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?