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Old 09-23-2007, 05:50 PM
Cal Learner-- MVP
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Default Re: Student Loan

In microsoft.public.money, Taz wrote:

- quote -

> I have a question about MS Money and student loans.
> Right now my student loan is deferred until 2011. Is there a way to add
> this loan into MS Money to have it calculate the interest that compounded
> (and added to the loan) each month, but it not require the payments start
> until Aug 2011 because of the deferment?...


I just experimented with creating a loan. One of the questions asks
when the payments start. Then after creating the loan, you can view
the amortization table to see if it matches your expectations. You
might want to do your experiments with a copy of your file.

In setting up a loan where you track the details, "balloon" would be
a last big payment. Typically that would be zero. You leave one
factor blank for Money to calculate. If after the five years you
expect to refinance, you could leave the balloon blank to have money
just calculate how much is due then.

- quote -

> I just want a way to be able to track everything so that I can see that my
> "networth" is really less than what it currently shows because of this
> student loan. Any assistance would be greately appreciated. Thanks.

  #-1  
Old 09-23-2007, 03:36 PM
Taz
Guest
 
Posts: n/a
Default Student Loan

I have a question about MS Money and student loans.

Right now my student loan is deferred until 2011. Is there a way to add
this loan into MS Money to have it calculate the interest that compounded
(and added to the loan) each month, but it not require the payments start
until Aug 2011 because of the deferment?...

I just want a way to be able to track everything so that I can see that my
"networth" is really less than what it currently shows because of this
student loan. Any assistance would be greately appreciated. Thanks.
 

Tags
loan, student
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