Rank: Senior Student
Groups: Member
Joined: 3/21/2008
Posts: 153
Location: Canada
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Could anyone tell me what the interest rate is?
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Rank: Senior Student
Groups: Member
Joined: 3/4/2008
Posts: 253
Location: Toronto
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The following assumptions were used in the calculation of your monthly payment.
Outstanding Debt:
Federal Student Loans - 70%
Provincial Student Loans - 30%
Interest Rate:
Federal Student Loans - Prime Rate + 2.5% (Floating Rate)
Provincial Student Loans - Prime Rate + 1.0% (Floating Rate)
Grace Period:
The outstanding debt amount you enter is increased by the interest amount that accrues in the 6 months immediately after you finish school and before you are required to begin repaying your loans.
Ryerson 2012
Politics & Governance
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