Since December has come and gone it's time to update my progress on my OSAP. And because its the end of the year Its a good time to check on my LoC progress. The last payment made to my OSAP (Dec 30) will not shoe up on the OSAP system until early January however I am going to add it to this month since that's when I made the payment.
November OSAP balance: $6,921.75
Amount paid after interested added: $ 1294.59 -27.28= $1,267.31
Daily interest for the month of October: $0.88
Total monthly interest: $ 27.28
% interest is calculated at: 5.5%
New OSAP balance: $5,654.44
Current $15,000 extra fund stands at: $11,240.53+1267.31+157.90= $12,665.74
December 5~ $165.59
December 9~ $28
December 16~ $550
December 22~$56
December 30~$495
Amount paid after interested added: $ 1294.59 -27.28= $1,267.31
Daily interest for the month of October: $0.88
Total monthly interest: $ 27.28
% interest is calculated at: 5.5%
New OSAP balance: $5,654.44
Regular payment to LoC $250
Monthly Interest: $92.10
Interest rate:4.5%
Amount after interest taken off: 250-92.10= $157.90
New balance of LoC as of December 31: 24,037.30
Current $15,000 extra fund stands at: $11,240.53+1267.31+157.90= $12,665.74
You are doing awesome. Still as dedicated as when you began. Don't give up.
ReplyDeleteWay to go Sarah! You're doing so well :-)
ReplyDeleteLook at you destroying that OSAP!!! Great work girl! You rock.
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