You can transfer to Loan accounts, you just have to know how. Create a Loan
Payment (extra loan payment is fine) and set the principal transfer amount
to whatever you want. Delete any other components of the Loan Payment. Easy
as pie.

Now, as to adding more to the balance for another semester: this makes a
regular Loan account a BAD choice. This makes it a whole lot more like a
revolving debt or a credit line. Loan accounts as defined by Money are for
fixed principal loans like mortgages or car loans. If you track it as a
regular liability account will you lose the ability to automagically
calculate interest? Yes. So? Same thing on a credit card. You get
statements. Statements list interest paid. You add interest expense
transactions to the account balance. You subtract from the balance with
transfers (payments) of cash from a cash account.

"Ex-student" <anonymous[at]discussions.microsoft.com> wrote in message
news:021F3363-CC80-4421-BC0D-2469152ACCB9[at]microsoft.com...
- quote -

I have set up all of the student loan accounts as LOAN ACCOUNTS. When
initially setting them up in MS Money 2002 Standard, I clicked "Add a new
account," and then chose LOAN, because MS Money's description was, "Use loan
accounts for any amortized loans, such as mortgages, car loans, and students
loans." Furthermore, in comparing loan accounts with liability accounts,
the help files state "Use a loan account to track interest-bearing debts,"
and "Use a liability account for an interest-free, short-term loan or debt."

Did I set these accounts up incorrectly? I have no option to transfer to or
from any of the loan accounts, only "Make a regular loan payment," "Make an
extra loan payment," or "Other." When I manually type in transfer, I only
have the option to use my checking, savings, and credit accounts.

I'll investigate more into the "Q86 technote", but this doesn't seem like it
should be rocket science or something out of the ordinary. Particularly for
student loans, shouldn't one be able to add more to the loan (as more
semesters incur) or take away from (in the case of consolidation)? If I
set up liability accounts...I believe I'll lose the principal/interest
calculations...is that correct?

If you setup the new loan account as just a liability account (not a loan)
just enter new transactions that are "charges" category (type this out, if
it isn't in the pull-down) Transfer, subcategory the old loan account name,
in the amount of the old loan balance. This will increase the balance of the
new loan and zero the balance on the old loan.

If you used a loan account for the new loan, things will be more
complicated. You might read the refinancing FAQ for some hints at
http://www.bollar.org/msmoney/#Q86.

"Ex-student" <anonymous[at]discussions.microsoft.com> wrote in message
news:09ed01c39823$51b8f8e0$3101280a[at]phx.gbl...
- quote -

I don't understand. Maybe you don't have the accounts set up correctly.
You should have three tabs, charge(withdrawal), credit(deposit), and
transfer just like you do in a checking or savings account.

You select the transfer tab and then select the account you want to transfer
the money to when you fill out the rest of the information.

It's no different than transferring money from a checking to a savings
account or vice versa.
--


Semper Fi
Kevin Campbell
"Ex-student" <anonymous[at]discussions.microsoft.com> wrote in message
news:09ed01c39823$51b8f8e0$3101280a[at]phx.gbl...
- quote -

Thank you for the reply. I'm still a little unclear. I
don't have the option to transfer to the new account.
Even when I manually type in "transfer", the new
consolidated loan is not a choice. Is that something
that I have to set up in advance?

This is no different than if you had a mortgage and refinanced by taking out
a new mortgage loan. Open a new student loan account and do a transfer
between the other 4 loans into the new one. Then, after all the paperwork
is finished go ahead and close the other accounts.
--


Semper Fi
Kevin Campbell
"Ex-student" <anonymous[at]discussions.microsoft.com> wrote in message
news:066801c39784$36e65d90$a401280a[at]phx.gbl...
- quote -

Is there an easy way to consolidate loans within Money
(2002)? I had four separate loans...say $10,000 each,
and have consolidated them to a lesser amount...say
$35,000. I could just close the four old loans, and
start anew...but is there a way to transfer balance
between loans?

Thanks in advance...