the interest rate is 8.08% for federal direct unsubsidized loans. I plan to borrow 10,250.00 every 4 months for 28 months. Interest will accrue at the time of disbursement of my loans. The interest accrues daily. How much will I have borrowed after 28 months and how much of that debt is interest?

Let's break down the calculations step by step for your federal direct unsubsidized loans.

### 1. **Loan Details:**
   - **Interest Rate:** 8.08% per annum (APR).
   - **Interest Accrual:** Daily.
   - **Borrowing Plan:** \$10,250 every 4 months for 28 months.
   - **Interest starts accruing at the time of each disbursement.**

### 2. **Interest Calculation:**
   The daily interest rate is calculated as:
   \[
   \text{Daily Interest Rate} = \frac{8.08\%}{365} \approx 0.0221\% \text{ per day}
   \]

### 3. **Loan Schedule:**
   - You will borrow \$10,250 at months 0, 4, 8, 12, 16, 20, and 24.

We will calculate the interest from the time of disbursement to the end of 28 months for each loan disbursement.

### 4. **Interest Calculation for Each Loan Disbursement:**

#### **Loan Disbursements:**
- **First Loan:** \$10,250 at Month 0 for 28 months.
- **Second Loan:** \$10,250 at Month 4 for 24 months.
- **Third Loan:** \$10,250 at Month 8 for 20 months.
- **Fourth Loan:** \$10,250 at Month 12 for 16 months.
- **Fifth Loan:** \$10,250 at Month 16 for 12 months.
- **Sixth Loan:** \$10,250 at Month 20 for 8 months.
- **Seventh Loan:** \$10,250 at Month 24 for 4 months.

Now, let's compute the total amount borrowed and the total interest accrued for all these loans.### Summary of Results:
- **Total Amount Borrowed (Principal):** \$71,750
- **Total Interest Accrued:** \$8,155.46
- **Total Debt After 28 Months:** \$79,905.46

After 28 months, you will have borrowed \$71,750, and of that total debt, \$8,155.46 will be due to accrued interest.

Would you like more details or have any questions?

Here are 5 related questions you might find helpful:
1. What are the differences between subsidized and unsubsidized federal loans?
2. How can I manage multiple student loans effectively?
3. What strategies can help reduce the amount of interest on student loans?
4. Is it possible to defer payments on federal unsubsidized loans?
5. How does consolidating student loans affect interest rates and payments?

**Tip:** Making small payments toward interest while you're still in school can significantly reduce the total amount of interest that accrues over time.

Understand how to calculate interest on federal direct unsubsidized loans and determine total debt after 28 months. This problem involves daily interest accrual, periodic borrowing, and loan repayment schedules.

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