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blageo23 · 11-08-2007

No no, I read it right. I had my mom even call and they said that that is correct. the intrest rate is 12.75% which is really high for a student loan. This was the last student loan I took out so it has like <1year of intrest on it. With the intrest over that year the loan is now $5751.03 the "finance charge" is $7176.57. and "total of payments(the amount you will have paid after you have made all payments as scheduled)" is $12,927.60. They said the reason is because its out for a crazy 180 months at $71.82. But this is bullshit either way. I went through my school for the other loans but they would only give me $1200 per semester and my school cost over $2200 a semester.

11-08-2007	#7
blageo23 AWD4G64 Join Date: Jun 2004 Location: Shoreview, MN Posts: 2,286	Re: Wells Fargo(Vent) No no, I read it right. I had my mom even call and they said that that is correct. the intrest rate is 12.75% which is really high for a student loan. This was the last student loan I took out so it has like <1year of intrest on it. With the intrest over that year the loan is now $5751.03 the "finance charge" is $7176.57. and "total of payments(the amount you will have paid after you have made all payments as scheduled)" is $12,927.60. They said the reason is because its out for a crazy 180 months at $71.82. But this is bullshit either way. I went through my school for the other loans but they would only give me $1200 per semester and my school cost over $2200 a semester.