CIS 1020 <--- Copper Black 24

Excel Project 1: Student Loan <--- Calibri 20

Name: John Doe <--- Calibri 11

Date: Date Submitted all lines
Lab Instructor: Jane Doe
Lab Day/Time: Wednesday, 1:00 PM
Cash Outflows
Estimated College Expenses
Semester
Item Fall 2010 Spring 2011 Fall 2011 Spring 2012
One time new student fee $ 715.00 $ - $ - $ -
On campus course tuition $ 3,827.00 $ 3,827.00 $ 3,980.08 $ 3,980.08
EUP Online course tuition $ - $ - $ - $ -
EUP Online course technology fee $ - $ - $ - $ -
Student assessment fee $ 21.00 $ 21.00 $ 21.42 $ 21.42
Enrollment Fee $ 343.00 $ 343.00 $ 353.29 $ 353.29
Housing / Residence Hall $ 2,007.50 $ 2,007.50 $ 2,067.73 $ 2,067.73
Internet Access / Utilities $ 80.00 $ 80.00 $ 80.00 $ 80.00
Meals $ 1,884.50 $ 1,884.50 $ 1,922.19 $ 1,922.19
Parking Sticker $ - $ - $ - $ -
Textbooks and Supplies $ 472.00 $ 472.00 $ 481.44 $ 481.44
Personal Expenses $ 1,030.00 $ 1,030.00 $ 1,060.90 $ 1,060.90
Travel expenses $ 536.00 $ 536.00 $ 552.08 $ 552.08
Total Expense $ 10,916.00 $ 10,201.00 $ 10,519.13 $ 10,519.13
Total College Expenses $86,226.03

College Expense Inflation estimates Note: inflation estimates are annual, ie. they are applied only in the Fall semester
On campus course tuition 4%
Student assessment fee 2%
Enrollment Fee 3%
Housing / Residence Hall 3%
Internet Access / Utilities 0%
Meals 2%
Parking Sticker 2%
Textbooks and Supplies 2%
Personal Expenses 3%
Travel expenses 3%

Cash Inflows
Semester
Item Fall 2010 Spring 2011 Fall 2011 Spring 2012
Scholarship $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00
College Fund $ 3,000.00 $ 3,000.00 $ 3,000.00 $ 3,000.00
Family and Work Contribution $ 3,000.00 $ 3,000.00 $ 3,090.00 $ 3,090.00
Total Resources $ 8,000.00 $ 8,000.00 $ 8,090.00 $ 8,090.00
Total College Resources $65,101.76

College Resource Inflation estimates Note: inflation estimates are annual, ie. they are applied only in the Fall semester
Family and Work Contribution 3%

Cash flow Gap Semester

 Fall 2010 Spring 2011 Fall 2011 Spring 2012
Outflows minus inflows $ 2,916.00 $ 2,201.00 $ 2,429.13 $ 2,429.13

Loans
Closing Date 8/30/2010 12/30/2010 8/30/2011 12/30/2011
Subsized $ 1,166 $ 880 $ 972 $ 972
Unsubsidized $ 1,750 $ 1,321 $ 1,457 $ 1,457

Loans by Type Percentage Fee Rate

Subsized 40% 0.50%
Unsubsidized 60%

Adjustments
Type Closing date Loan Amt Proc fee Total Loan
Subsized 8/30/2010 $ 1,166 $ 5.83 $ 1,171.83
Subsized 12/30/2010 $ 880 $ 4.40 $ 884.40
Subsized 8/30/2011 $ 972 $ 4.86 $ 976.86
Subsized 12/30/2011 $ 972 $ 4.86 $ 976.86
Subsized 8/30/2012 $ 1,066 $ 5.33 $ 1,071.33
Subsized 12/28/2012 $ 1,066 $ 5.33 $ 1,071.33
Subsized 8/30/2013 $ 1,164 $ 5.82 $ 1,169.82
Subsized 12/30/2013 $ 1,164 $ 5.82 $ 1,169.82
Unsubsidized 8/30/2010 $ 1,750 $ 8.75 $ 1,758.75
Unsubsidized 12/30/2010 $ 1,321 $ 6.61 $ 1,327.61
Unsubsidized 8/30/2011 $ 1,457 $ 7.29 $ 1,464.29
Unsubsidized 12/30/2011 $ 1,457 $ 7.29 $ 1,464.29
Unsubsidized 8/30/2012 $ 1,599 $ 8.00 $ 1,607.00
Unsubsidized 12/28/2012 $ 1,599 $ 8.00 $ 1,607.00
Unsubsidized 8/30/2013 $ 1,746 $ 8.73 $ 1,754.73
Unsubsidized 12/30/2013 $ 1,746 $ 8.73 $ 1,754.73

Total debt as of first repayment date

 Semester
Fall 2012 Spring 2013 Fall 2013 Spring 2014
$ - $ - $ - $ -
$ 4,139.28 $ 4,139.28 $ 4,304.85 $ 4,304.85
$ - $ - $ - $ -
$ - $ - $ - $ -
$ 21.85 $ 21.85 $ 22.29 $ 22.29
$ 363.89 $ 363.89 $ 374.81 $ 374.81
$ 2,129.76 $ 2,129.76 $ 2,193.65 $ 2,193.65
$ 80.00 $ 80.00 $ 80.00 $ 80.00
$ 1,960.63 $ 1,960.63 $ 1,999.85 $ 1,999.85
$ - $ - $ - $ -
$ 491.07 $ 491.07 $ 500.89 $ 500.89
$ 1,092.73 $ 1,092.73 $ 1,125.51 $ 1,125.51
$ 568.64 $ 568.64 $ 585.70 $ 585.70
$ 10,847.85 $ 10,847.85 $ 11,187.54 $ 11,187.54
$86,226.03

re applied only in the Fall semesters

Semester
Fall 2012 Spring 2013 Fall 2013 Spring 2014
$ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00
$ 3,000.00 $ 3,000.00 $ 3,000.00 $ 3,000.00
$ 3,182.70 $ 3,182.70 $ 3,278.18 $ 3,278.18
$ 8,182.70 $ 8,182.70 $ 8,278.18 $ 8,278.18
$65,101.76

re applied only in the Fall semesters

Semester
 Fall 2012 Spring 2013 Fall 2013 Spring 2014
$ 2,665.15 $ 2,665.15 $ 2,909.36 $ 2,909.36

8/30/2012 12/28/2012 8/30/2013 12/30/2013

$ 1,066 $ 1,066 $ 1,164 $ 1,164
$ 1,599 $ 1,599 $ 1,746 $ 1,746

Begin Loan Repayment

9/30/2014

Borrow2Pay Int Rate Loan 1st Pay Pct Total Weight Int
49 4.50% $ 1,171.83 4.99% 0.225%
45 4.50% $ 884.40 3.77% 0.169%
37 3.40% $ 976.86 4.16% 0.141%
33 3.40% $ 976.86 4.16% 0.141%
25 6.80% $ 1,071.33 4.56% 0.310%
21 6.80% $ 1,071.33 4.56% 0.310%
13 6.80% $ 1,169.82 4.98% 0.339%
9 6.80% $ 1,169.82 4.98% 0.339%
49 6.80% $ 2,319.81 9.88% 0.672%
45 6.80% $ 1,711.99 7.29% 0.496%
37 6.80% $ 1,804.79 7.68% 0.522%
33 6.80% $ 1,764.45 7.51% 0.511%
25 6.80% $ 1,850.83 7.88% 0.536%
21 6.80% $ 1,809.46 7.70% 0.524%
13 6.80% $ 1,888.48 8.04% 0.547%
9 6.80% $ 1,846.28 7.86% 0.535%

$ 23,488.34 6.316%
 Loan Payment
Amt to Amt to Remaining Remaining
Payment Year Month Principal Interest Payment Principal Interest
1 2014 30-Oct $140.89 $123.62 $264.51 $23,347.45 $8,129.21
2 2014 30-Nov $141.63 $122.88 $264.51 $23,205.83 $8,006.33
3 2014 30-Dec $142.37 $122.14 $264.51 $23,063.45 $7,884.19
4 2015 30-Jan $143.12 $121.39 $264.51 $22,920.33 $7,762.80
5 2015 2-Mar $143.88 $120.63 $264.51 $22,776.46 $7,642.17
6 2015 2-Apr $144.63 $119.88 $264.51 $22,631.82 $7,522.29
7 2015 2-May $145.39 $119.12 $264.51 $22,486.43 $7,403.18
8 2015 2-Jun $146.16 $118.35 $264.51 $22,340.27 $7,284.83
9 2015 2-Jul $146.93 $117.58 $264.51 $22,193.34 $7,167.24
10 2015 2-Aug $147.70 $116.81 $264.51 $22,045.64 $7,050.44
11 2015 2-Sep $148.48 $116.03 $264.51 $21,897.16 $6,934.40
12 2015 2-Oct $149.26 $115.25 $264.51 $21,747.90 $6,819.16
13 2015 2-Nov $150.05 $114.46 $264.51 $21,597.85 $6,704.69
14 2015 2-Dec $150.84 $113.67 $264.51 $21,447.02 $6,591.02
15 2016 2-Jan $151.63 $112.88 $264.51 $21,295.39 $6,478.14
16 2016 2-Feb $152.43 $112.08 $264.51 $21,142.96 $6,366.06
17 2016 2-Mar $153.23 $111.28 $264.51 $20,989.73 $6,254.78
18 2016 2-Apr $154.04 $110.47 $264.51 $20,835.69 $6,144.30
19 2016 2-May $154.85 $109.66 $264.51 $20,680.85 $6,034.64
20 2016 2-Jun $155.66 $108.85 $264.51 $20,525.18 $5,925.79
21 2016 2-Jul $156.48 $108.03 $264.51 $20,368.70 $5,817.76
22 2016 2-Aug $157.31 $107.20 $264.51 $20,211.40 $5,710.56
23 2016 2-Sep $158.13 $106.38 $264.51 $20,053.26 $5,604.18
24 2016 2-Oct $158.97 $105.54 $264.51 $19,894.30 $5,498.64
25 2016 2-Nov $159.80 $104.71 $264.51 $19,734.50 $5,393.93
26 2016 2-Dec $160.64 $103.87 $264.51 $19,573.85 $5,290.06
27 2017 2-Jan $161.49 $103.02 $264.51 $19,412.37 $5,187.04
28 2017 2-Feb $162.34 $102.17 $264.51 $19,250.03 $5,084.87
29 2017 2-Mar $163.19 $101.32 $264.51 $19,086.83 $4,983.56
30 2017 2-Apr $164.05 $100.46 $264.51 $18,922.78 $4,883.10
31 2017 2-May $164.92 $99.59 $264.51 $18,757.87 $4,783.50
32 2017 2-Jun $165.78 $98.73 $264.51 $18,592.08 $4,684.78
33 2017 2-Jul $166.66 $97.85 $264.51 $18,425.43 $4,586.92
34 2017 2-Aug $167.53 $96.98 $264.51 $18,257.90 $4,489.95
35 2017 2-Sep $168.41 $96.10 $264.51 $18,089.48 $4,393.85
36 2017 2-Oct $169.30 $95.21 $264.51 $17,920.18 $4,298.64
37 2017 2-Nov $170.19 $94.32 $264.51 $17,749.99 $4,204.32
38 2017 2-Dec $171.09 $93.42 $264.51 $17,578.90 $4,110.90
39 2018 2-Jan $171.99 $92.52 $264.51 $17,406.91 $4,018.38
40 2018 2-Feb $172.89 $91.62 $264.51 $17,234.02 $3,926.76
41 2018 2-Mar $173.80 $90.71 $264.51 $17,060.21 $3,836.06
42 2018 2-Apr $174.72 $89.79 $264.51 $16,885.50 $3,746.27
43 2018 2-May $175.64 $88.87 $264.51 $16,709.86 $3,657.40
44 2018 2-Jun $176.56 $87.95 $264.51 $16,533.29 $3,569.45
45 2018 2-Jul $177.49 $87.02 $264.51 $16,355.80 $3,482.43
46 2018 2-Aug $178.43 $86.08 $264.51 $16,177.38 $3,396.35
47 2018 2-Sep $179.36 $85.14 $264.51 $15,998.01 $3,311.20
48 2018 2-Oct $180.31 $84.20 $264.51 $15,817.70 $3,227.00
49 2018 2-Nov $181.26 $83.25 $264.51 $15,636.45 $3,143.75
50 2018 2-Dec $182.21 $82.30 $264.51 $15,454.23 $3,061.45
51 2019 2-Jan $183.17 $81.34 $264.51 $15,271.06 $2,980.11
52 2019 2-Feb $184.14 $80.37 $264.51 $15,086.93 $2,899.74
53 2019 2-Mar $185.10 $79.41 $264.51 $14,901.82 $2,820.33
54 2019 2-Apr $186.08 $78.43 $264.51 $14,715.74 $2,741.90
55 2019 2-May $187.06 $77.45 $264.51 $14,528.69 $2,664.45
56 2019 2-Jun $188.04 $76.47 $264.51 $14,340.64 $2,587.98
57 2019 2-Jul $189.03 $75.48 $264.51 $14,151.61 $2,512.50
58 2019 2-Aug $190.03 $74.48 $264.51 $13,961.59 $2,438.02
59 2019 2-Sep $191.03 $73.48 $264.51 $13,770.56 $2,364.54
60 2019 2-Oct $192.03 $72.48 $264.51 $13,578.53 $2,292.06
61 2019 2-Nov $193.04 $71.47 $264.51 $13,385.48 $2,220.59
62 2019 2-Dec $194.06 $70.45 $264.51 $13,191.42 $2,150.14
63 2020 2-Jan $195.08 $69.43 $264.51 $12,996.34 $2,080.71
64 2020 2-Feb $196.11 $68.40 $264.51 $12,800.24 $2,012.31
65 2020 2-Mar $197.14 $67.37 $264.51 $12,603.10 $1,944.94
66 2020 2-Apr $198.18 $66.33 $264.51 $12,404.92 $1,878.61
67 2020 2-May $199.22 $65.29 $264.51 $12,205.70 $1,813.32
68 2020 2-Jun $200.27 $64.24 $264.51 $12,005.43 $1,749.08
69 2020 2-Jul $201.32 $63.19 $264.51 $11,804.11 $1,685.89
70 2020 2-Aug $202.38 $62.13 $264.51 $11,601.73 $1,623.76
71 2020 2-Sep $203.45 $61.06 $264.51 $11,398.28 $1,562.70
72 2020 2-Oct $204.52 $59.99 $264.51 $11,193.76 $1,502.71
73 2020 2-Nov $205.59 $58.92 $264.51 $10,988.16 $1,443.79
74 2020 2-Dec $206.68 $57.83 $264.51 $10,781.49 $1,385.96
75 2021 2-Jan $207.76 $56.75 $264.51 $10,573.72 $1,329.22
76 2021 2-Feb $208.86 $55.65 $264.51 $10,364.87 $1,273.56
77 2021 2-Mar $209.96 $54.55 $264.51 $10,154.91 $1,219.01
78 2021 2-Apr $211.06 $53.45 $264.51 $9,943.85 $1,165.57
79 2021 2-May $212.17 $52.34 $264.51 $9,731.67 $1,113.23
80 2021 2-Jun $213.29 $51.22 $264.51 $9,518.38 $1,062.01
81 2021 2-Jul $214.41 $50.10 $264.51 $9,303.97 $1,011.91
82 2021 2-Aug $215.54 $48.97 $264.51 $9,088.43 $962.94
83 2021 2-Sep $216.68 $47.83 $264.51 $8,871.75 $915.11
84 2021 2-Oct $217.82 $46.69 $264.51 $8,653.94 $868.41
85 2021 2-Nov $218.96 $45.55 $264.51 $8,434.97 $822.87
86 2021 2-Dec $220.11 $44.39 $264.51 $8,214.86 $778.47
 87 2022 2-Jan $221.27 $43.24 $264.51 $7,993.59 $735.24
88 2022 2-Feb $222.44 $42.07 $264.51 $7,771.15 $693.16
89 2022 2-Mar $223.61 $40.90 $264.51 $7,547.54 $652.26
90 2022 2-Apr $224.79 $39.72 $264.51 $7,322.75 $612.54
91 2022 2-May $225.97 $38.54 $264.51 $7,096.79 $574.00
92 2022 2-Jun $227.16 $37.35 $264.51 $6,869.63 $536.65
93 2022 2-Jul $228.35 $36.16 $264.51 $6,641.27 $500.49
94 2022 2-Aug $229.56 $34.95 $264.51 $6,411.72 $465.54
95 2022 2-Sep $230.76 $33.75 $264.51 $6,180.96 $431.79
96 2022 2-Oct $231.98 $32.53 $264.51 $5,948.98 $399.26
97 2022 2-Nov $233.20 $31.31 $264.51 $5,715.78 $367.95
98 2022 2-Dec $234.43 $30.08 $264.51 $5,481.35 $337.86
99 2023 2-Jan $235.66 $28.85 $264.51 $5,245.69 $309.01
100 2023 2-Feb $236.90 $27.61 $264.51 $5,008.79 $281.40
101 2023 2-Mar $238.15 $26.36 $264.51 $4,770.64 $255.04
102 2023 2-Apr $239.40 $25.11 $264.51 $4,531.24 $229.93
103 2023 2-May $240.66 $23.85 $264.51 $4,290.58 $206.08
104 2023 2-Jun $241.93 $22.58 $264.51 $4,048.65 $183.50
105 2023 2-Jul $243.20 $21.31 $264.51 $3,805.45 $162.19
106 2023 2-Aug $244.48 $20.03 $264.51 $3,560.97 $142.16
107 2023 2-Sep $245.77 $18.74 $264.51 $3,315.20 $123.42
108 2023 2-Oct $247.06 $17.45 $264.51 $3,068.14 $105.97
109 2023 2-Nov $248.36 $16.15 $264.51 $2,819.78 $89.83
110 2023 2-Dec $249.67 $14.84 $264.51 $2,570.11 $74.98
111 2024 2-Jan $250.98 $13.53 $264.51 $2,319.13 $61.46
112 2024 2-Feb $252.30 $12.21 $264.51 $2,066.83 $49.25
113 2024 2-Mar $253.63 $10.88 $264.51 $1,813.20 $38.37
114 2024 2-Apr $254.97 $9.54 $264.51 $1,558.23 $28.83
115 2024 2-May $256.31 $8.20 $264.51 $1,301.92 $20.63
116 2024 2-Jun $257.66 $6.85 $264.51 $1,044.26 $13.78
117 2024 2-Jul $259.01 $5.50 $264.51 $785.25 $8.28
118 2024 2-Aug $260.38 $4.13 $264.51 $524.87 $4.15
119 2024 2-Sep $261.75 $2.76 $264.51 $263.12 $1.38
120 2024 2-Oct $263.12 $1.38 $264.51 $0.00 ($0.00)
 Loan Details
Loan $23,488.34
Annual Interest 6.316%
Loan Years 10
Monthly Payment $264.51
Total Interest $8,252.83
Closing Date 9/30/2014

Assume a job that can pay $400 per month

How much can be borrowed?
Goal Seek
Loan $35,519.56
Annual Interest 6.316%
Loan Years 10
Monthly Payment $400.00
Total Interest $12,480.44
Closing Date 9/30/2014
 Range for days in month
Month Days Leap Year Days
1 31 31
2 28 29
3 31 31
4 30 30
5 31 31
6 30 30
7 31 31
8 31 31
9 30 30
10 31 31
11 30 30
12 31 31
Typical Education Debt

Undergraduate Education Debt

Institution Level & Control Percent Borrowing Cumulative Debt 4 yr Equiv
Overall Total (4, 2 and < 2 year) 58.80% $18,625
Public 49.40% $16,369
Private Non-Profit 69.70% $26,683
Private For-Profit 93.10% $17,162
4-year Total 66.50% $22,656
4-year Public 61.10% $19,839 $19,839
4-year Private Non-Profit 70.60% $27,349 $27,349
4-year Private For-Profit 97.00% $24,635 $24,635
2-year Total 44.80% $12,307
2-year Public 37.20% $10,444 $20,888
2-year Private Non-Profit 64.00% $14,790 $29,580
2-year Private For-Profit 97.60% $17,310 $34,620
< 2-year Total 74.70% $10,172
< 2-year Public 36.10% $10,321 $28,383
< 2-year Private Non-Profit 45.00% $10,990 $30,223
< 2-year Private For-Profit 86.00% $10,123 $27,838

Multiplier factors to estimate cumulative debt on a 4 year basis

4 year multiplier 1
2 year multiplier 2
< 2 year multiplier 2.75
 CIS 1020 Academic Integrity Agreement
I will submit my own work.
I will not give my files to anyone else.

Name: Kermit the Frog

Kermit the Frog 5/15/2010