"Joel" <anonymous[at]discussions.microsoft.com> wrote in message
news:0be001c46e84$1c873d20$a301280a[at]phx.gbl...
- quote -

The other thing is, when you have graduated (or if you are a parent, when
your child graduates) you may want to consolidate the loans into one loan at
a fairly low rate that will be fixed, then treat it like a loan. That's an
individual decision that will be affected by the rate changes you might
expect in the future. This I think is a one time thing for an individual to
do.

Mark

Don't try to use a loan account. Set them up as a credit card or similar and
enter the interest expense accruals from the statement information or create
an Excel spreadsheet to figure the numbers then poke them into Money by
hand.

"Joel" <anonymous[at]discussions.microsoft.com> wrote in message
news:0be001c46e84$1c873d20$a301280a[at]phx.gbl...
- quote -

I've tried and given up several times to create my student
loan accounts in Money. Right now I'm using 2004
standard. The problems is that the accounts have variable
rates and payment amounts (flex pay). I never figured out
how to get M. to account for this. Right now I'm working
with these variables:
Loan = 61000
Period = 360 months
IR = 4% for months 1-36, 3% for months 37-360
Payment = 215 for months 1-36, 315 for months 37-360

M. has no fields for accounting for variables like this,
just a static payment amount and a balloon field. Any
suggestions?

Secondly, I see that money calculates the payments between
interest and principal based on a straight APR / 12 * P =
I, and the balance applies to P. Does anyone know from
experience how close this corresponds to the calculations
of the lender?


Thanks,
Joel