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Student Loan Repayment Information... Continued From Previous Page How can I calculate


Interest Rate 
Converted to Decimals 
Divide by 365.25 
Interest Rate Factor 

8.99%  .0899  .0899/ 365.25 
.00024613 
8.25%  .0825  .0825/ 365.25 
.00022587 
7.59%  .0759  .0759/ 365.25 
.00020780 
Interest accrues on a daily basis on your loans. Factors such as: the number of days between your last payment, the interest rate, and the amount of your loan balance, determine the amount of interest that accrues each month.