Installment Payment Plan: Payment Calculation
Installment Payment Plan: Payment Calculation
|
Annual expenses 2008-2009
|
Student Resident |
Student Commuter |
||
|
Tuition
|
$ 36,928 |
$ 36,928
|
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|
Room & Board
|
$ 10,022
|
|||
|
Off Campus Fee
|
$586
|
|||
|
Student Activity Fee
|
$ 164
|
$ 164
|
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|
Health Service Fee
|
$ 626
|
$ 626
|
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|
Estimated Total
|
$ 47,740 |
$ 38,304
|
(Note: Estimated totals do not include health insurance fee of $2,512)
Examples of Monthly Payment:
|
Amount Financed
|
Total Finance Charge
|
Monthly Payment
|
Total Amount Paid
|
|
$ 1,000
|
$ 8.32
|
$ 84.03
|
$ 1,008.32
|
|
$ 5,000
|
$ 41.66
|
$ 420.14
|
$ 5,041.66
|
|
$ 10,000
|
$ 83.35
|
$ 840.28
|
$ 10,083.35
|
|
$ 15,000
|
$ 125.01
|
$ 1,260.42
|
$ 15,125.01
|
|
$ 20,000
|
$ 166.67
|
$ 1,680.56
|
$ 20,166.67
|
|
$ 25,000
|
$ 208.32
|
$ 2,100.69
|
$ 25,208.32
|
|
$ 30,000
|
$ 250.02
|
$ 2,520.84
|
$ 30,250.02
|
|
$ 35,000
|
$ 291.68
|
$ 2,940.97
|
$ 35,291.68
|
$38,304 |
$319.20 |
$3,218.60 |
$38,623.20 |
|
$ 40,000
|
$ 333.33
|
$ 3,361.11
|
$ 40,333.33
|
$47,740 |
$397.82 |
$4,011.49 |
$48,137.82 |
To determine a monthly payment amount for an amount financed that is not shown:
Note: Monthly payment calculation may be off by .01 due to rounding. Your monthly statement will reflect the actual payment amount.