Re: Long Shot Question

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On Tuesday 19 September 2006 10:38, Ray Hauge wrote:
> On Tuesday 19 September 2006 10:34, Ray Hauge wrote:
> > http://en.wikipedia.org/wiki/Amortization_%28business%29
>
> Actually, I"m not so sure that's what I was looking for.  These loans are
> student loans, which differ slightly from mortgage loans.  Usually the
> market determines the adjustment in an ARM loan, but these have to increase
> payment steadily so that the loan is still paid off by the end of the year.
>

I meant paid off at the end of the term...

-- 
Ray Hauge
Programmer/Systems Administrator
American Student Loan Services
www.americanstudentloan.com
1.800.575.1099

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