Tag: Fees:
7(a) Loan Amounts, Fees & Interest Rates #business #proposal #template
#business loan rates
#
The specific terms of SBA loans are negotiated between a borrower and an SBA-approved lender. In general, the following provisions apply to all SBA 7(a) loans.
Loan Amounts
7(a) loans have a maximum loan amount of $5 million. SBA does not set a minimum loan amount. The average 7(a) loan amount in fiscal year 2015 was $371,628.
Fees
Loans guaranteed by the SBA are assessed a guarantee fee. This fee is based on the loan’s maturity and the dollar amount guaranteed, not the total loan amount. The lender initially pays the guaranty fee and they have the option to pass that expense on to the borrower at closing. The funds to reimburse the lender can be included in the overall loan proceeds.
On loans under $150,000 made after October 1, 2013, the fees will be set at zero percent. On any loan greater than $150,000 with a maturity of one year or shorter, the fee is 0.25 percent of the guaranteed portion of the loan. On loans with maturities of more than one year, the normal fee is 3 percent of the SBA-guaranteed portion on loans of $150,000 to $700,000, and 3.5 percent on loans of more than $700,000. There is also an additional fee of 0.25 percent on any guaranteed portion of more than $1 million.
Interest Rates
The actual interest rate for a 7(a) loan guaranteed by the SBA is negotiated between the applicant and lender and subject to the SBA maximums. Both fixed and variable interest rate structures are available. The maximum rate is composed of two parts, a base rate and an allowable spread. There are three acceptable base rates (A prime rate published in a daily national newspaper*, London Interbank One Month Prime plus 3 percent and an SBA Peg Rate).
Lenders are allowed to add an additional spread to the base rate to arrive at the final rate. For loans with maturities of shorter than seven years, the maximum spread will be no more than 2.25 percent. For loans with maturities of seven years or more, the maximum spread will be 2.75 percent. The spread on loans of less than $50,000 and loans processed through Express procedures have higher maximums.
*All references to the prime rate refer to the base rate in effect on the first business day of the month the loan application is received by the SBA.
Percentage of Guarantee
SBA can guarantee as much as 85 percent on loans of up to $150,000 and 75 percent on loans of more than $150,000. SBA’s maximum exposure amount is $3,750,000. Thus, if a business receives an SBA-guaranteed loan for $5 million, the maximum guarantee to the lender will be $3,750,000 or 75%. SBA Express loans have a maximum guarantee set at 50 percent.
Onsite Training and Instructor-Led Virtual Classroom Fees #business #license
#business training
#
Pricing
Our prices can vary depending on the complexity of a project or the time required to prepare and deliver your particular program.
For basic onsite training courses and instructor-led virtual sessions, you can quickly determine the price of a course by looking at our pricing chart on the next page.
As calculated for onsite training, we determine executive coaching fees based on the length and format of the engagement. Pricing for live and virtual coaching is listed under “Executive Coaching Fees.”
We price keynotes and meeting facilitation by the event, and consulting projects on a case-by-case basis.
Pricing Schedule Notes
- Prices quoted are for training and coaching programs in the continental United States.
- For Alaska, Hawaii, Puerto Rico, and Canada, the cost is the daily rate plus $750. For all other international locations, please contact us.
- All prices are quoted in United States dollars.
- If you are a government agency, please contact us about our GSA schedule.
- From time to time, our fees include the facilitator’s travel. Please contact us about your location. Where travel is not included, please plan on a travel allowance of approximately $500.
ONSITE TRAINING AND INSTRUCTOR-LED VIRTUAL TRAINING
Number of Participants
FOR MORE THAN 36 PARTICIPANTS, PLEASE CALL US.
** Most presentation skills and writing programs are limited to 24 or fewer students per session.
SIX-MONTH, LEADERSHIP-DEVELOPMENT PROGRAM
Lessons in Leadership is our signature leadership development program.
This premium offering is a six-session seminar priced at $3,800 per participant and includes all training material, books, and assessments.
To purchase this program, you must have a group of between 15 and 20.
ONLINE COURSES
For learners seeking a self-paced solution, we offer several training programs online. They range in price from $50 to $250. To determine the cost of a particular course, please refer to the course’s page on our website.
EXECUTIVE COACHING FEES
We conduct our coaching programs either virtually or in a combined format of in-person and virtual meetings. Pricing depends on the format you choose and the length of the program.
Three-Month Virtual Coaching: $2,800
Three-Month In-Person/Virtual Coaching: $4,500
Six-Month Virtual Coaching: $3,800
Six-Month In-Person/Virtual Coaching: $5,500
Twelve-Month Virtual Coaching: $5,800
Twelve-Month In-Person/Virtual Coaching: $7,500
KEYNOTE SPEAKING
If you are looking for a keynote speaker for your next event, we can pair you with someone who will engage, entertain, and educate your group. Keynote presentations range from 45 minutes to an hour. We provide keynote speakers at a rate of $7,500 per event.
FACILITATION
Executive retreats, strategic-planning meetings, and gatherings to address workplace change often require a skilled facilitator to craft a framework and guide discussions. We provide this service at a rate of $5,000 per day.
CONSULTING
Sometimes clients have needs not addressed by training, coaching, or facilitation. For those clients, we offer a broad range of consulting services. Fees for consulting depend entirely on the complexity of the project and are handled on a case-by-case basis.
SKILLS SUSTAINABILITY SUBSCRIPTIONS
Our 52 Pickups series is a weekly subscription service. At a cost of $52 per annual subscription, subscribers receive an article, podcast, and tip related to a focus topic once a week.
FREQUENTLY ASKED QUESTIONS
General Questions About Onsite Training
1.I found a course I like, but I only have one person I need to train. Do you offer public
We are not a public seminar company with a side business focused on onsite training. Rather, onsite training is the core of our business. We do not offer public programs.
Our half-day programs run three hours (e.g. 9 am – 12 pm) and our full-day courses seven (e.g. 9 am – 4 pm). We will work with your scheduling requirements to determine the exact timing for your program.
3.What is the maximum number of participants I can put in each class?
Over the years, we have learned what size group works best for each of the courses we offer. If you have a large group, please call us so we can learn more about your needs. On a case-by-case basis, we will work with groups larger than those for which we have listed prices.
4.I want to train one group in the morning and another in the afternoon on the same
topic. Do Ipay for two half-day sessions?
No. We charge you the full-day rate for the total number of people in attendance.
5.What do you provide, and what are our responsibilities?
Depending on the program, we will either ship training manuals or a short PDF for you to duplicate for your group. To run interactive sessions, we prefer seating configurations that allow for team problem solving. We also ask that you provide us with flipchart paper, easels, and markers. Your facilitator will work with you to confirm the specifics for your session.
We are happy to recommend a resource if asked, but we never sell products during classroom time.
7.May I speak with the facilitator before the session?
A big part of this business is fit. We strongly encourage you to speak with your facilitator before your session.
1.I’ve reviewed your outlines, and I want certain elements from a few of them. Can you
create something for me?
Usually. Your facilitator will work with you to determine your course agenda.
2.I want something you don’t offer. Can you create a program for me?
Please contact us about custom course crafting.
1.Where do you get your training materials?
Although we design the bulk of our courses from scratch, from time to time, we will use external resources to supplement our offerings.
2.I am a consultant, and I would like to purchase your materials to use with my own
programs. Do you sell your content?
We do not sell our content to other training providers.
3.Do you offer a train-the-trainer model to corporate clients?
On a case-by-case basis, we offer a train-the-trainer model. For example, a hospital wants to improve its customer service and hires us to develop a solution. As part of that process, we deliver the initial sessions and then turn the delivery over to the organization’s internal trainers.
1.How long are your virtual training sessions?
Virtual session segments are between 90 minutes and two hours. Whereas most programs are single-segment offerings, a few of our programs are multi-segment courses.
2.What are the technology requirements?
Each participant needs a computer with a high-speed internet connection and speakers. Ideally, those computers will also have a microphone and webcam.
3.I do not have a group. May I join a private webinar session?
Because of client confidentiality, we do not allow individuals to join private sessions.
We believe our fees are fair and reasonable. We do not offer one-time discounts or put our services on sale. For less expensive options, consider our online training or virtual-classroom option.
2.Another company offered to do the same kind of work for half of what you charge.
We can’t comment on why others charge less or charge more, but we can tell you our facilitators are highly experienced and command fees beyond those paid to beginners.
3.Do you offer a discount if we purchase several courses from you?
Yes. If you schedule and pay for multiple courses in advance, we offer a 5% discount.
4.We are a federal or state government organization. Do you have a GSA schedule?
Yes, please contact us.
5.We are an existing client, and your prices have gone up. Will your honor the rate
quoted to us last year?
Our goal is to maintain relationships with our clients. Please contact us to discuss your particular situation.
Arizona Probate Services #arizona,probate,services,do #it #yourself,informal,formal,small #estate,affidavits,paralegals,low #cost,fast,easy,cheap,experienced,legal,papers,probatecourt,phoenix,save,money,filings,court,fees,how #do #i #get #appointed #as #executor,do
#
We professionally prepare probate legal documents and help you understand the mandated court process.
OUR MISSION IS TO SAVE YOU TIME, MONEY AND STRESS!
Don’t want, or can’t afford an attorney. you may not need one!
Call us today with your questions — you will be glad you did!
(602) 523-0100
A commonly asked question is: Do I need an attorney for Arizona probate?
The simple answer is no – anyone can file their own documents with the probate court. The right answer is one that only you can answer. Many probate cases are standard and only require an understanding of the court document requirements and the timing of the process. Some probate cases are more complex and you should be represented by legal counsel.
At Arizona Probate Services, we will discuss your situation with you. If we are uncomfortable about preparing the documents for your particular situation, we will recommend you seek legal counsel. We will always be honest and upfront with you. Integrity and a commitment to quality is the foundation of our business.
Then documents are filed with the court when it is appropriate, you administer the estate, and close probate when it is time! With our help, it’s that simple!
Thank you for supporting Arizona Business!
All fees on this website are subject to change without notice.
NOTICE TO CONSUMER
Arizona Probate Services is an Arizona certified legal document preparer, certified by the Arizona Supreme Court. The purpose of a Certified Legal Document Preparer is to provide professionally prepared legal documents and procedural assistance at an affordablecost. A Legal Document Preparer cannot represent you in court. A legal document preparer is not a lawyer, is not employed by a lawyer, and cannot give legal advice, and communications with a legal document preparer are not privileged (meaning we are subject to subpoena).
This website is intended to provide general information about Arizona legal issues and process. However, legal information is not the same as legal advice, which is the application of the law to a specific situation. The information provided on this website is not intended or meant to provide a comprehensive picture of any particular situation.
Content copyright 2010-2011. Arizona Legal EASE, Inc. All rights reserved.
Tags : affidavits, appointed, Arizona, as, Brother, cases, certified, Cheap, Cost, County, court, Dead, deceased, decedent, Do, Document, Documents, Easy, Estate, executor, experienced, family, fast, father, Fees:, file, filings, Formal, Get, help, home, How, I, informal, it, lawyer, Legal, Low, maricopa, money, mother, Need, No, Own, PAPERS, paralegals, Phoenix, preparers, probate, probatecourt, save, Services, simple, sister, Small, to, Valley, What, will, Your, Yourself
OUR MISSION IS TO SAVE YOU TIME, MONEY AND STRESS!
Don’t want, or can’t afford an attorney. you may not need one!
Call us today with your questions — you will be glad you did!
(602) 523-0100
Arizona Probate Services is an Arizona certified legal document preparer, certified by the Arizona Supreme Court. The purpose of a Certified Legal Document Preparer is to provide professionally prepared legal documents and procedural assistance at an affordablecost. A Legal Document Preparer cannot represent you in court. A legal document preparer is not a lawyer, is not employed by a lawyer, and cannot give legal advice, and communications with a legal document preparer are not privileged (meaning we are subject to subpoena).
Content copyright 2010-2011. Arizona Legal EASE, Inc. All rights reserved.
7(a) Loan Amounts, Fees & Interest Rates #international #business #jobs
#business loan rates
#
The specific terms of SBA loans are negotiated between a borrower and an SBA-approved lender. In general, the following provisions apply to all SBA 7(a) loans.
Loan Amounts
7(a) loans have a maximum loan amount of $5 million. SBA does not set a minimum loan amount. The average 7(a) loan amount in fiscal year 2015 was $371,628.
Fees
Loans guaranteed by the SBA are assessed a guarantee fee. This fee is based on the loan’s maturity and the dollar amount guaranteed, not the total loan amount. The lender initially pays the guaranty fee and they have the option to pass that expense on to the borrower at closing. The funds to reimburse the lender can be included in the overall loan proceeds.
On loans under $150,000 made after October 1, 2013, the fees will be set at zero percent. On any loan greater than $150,000 with a maturity of one year or shorter, the fee is 0.25 percent of the guaranteed portion of the loan. On loans with maturities of more than one year, the normal fee is 3 percent of the SBA-guaranteed portion on loans of $150,000 to $700,000, and 3.5 percent on loans of more than $700,000. There is also an additional fee of 0.25 percent on any guaranteed portion of more than $1 million.
Interest Rates
The actual interest rate for a 7(a) loan guaranteed by the SBA is negotiated between the applicant and lender and subject to the SBA maximums. Both fixed and variable interest rate structures are available. The maximum rate is composed of two parts, a base rate and an allowable spread. There are three acceptable base rates (A prime rate published in a daily national newspaper*, London Interbank One Month Prime plus 3 percent and an SBA Peg Rate).
Lenders are allowed to add an additional spread to the base rate to arrive at the final rate. For loans with maturities of shorter than seven years, the maximum spread will be no more than 2.25 percent. For loans with maturities of seven years or more, the maximum spread will be 2.75 percent. The spread on loans of less than $50,000 and loans processed through Express procedures have higher maximums.
*All references to the prime rate refer to the base rate in effect on the first business day of the month the loan application is received by the SBA.
Percentage of Guarantee
SBA can guarantee as much as 85 percent on loans of up to $150,000 and 75 percent on loans of more than $150,000. SBA’s maximum exposure amount is $3,750,000. Thus, if a business receives an SBA-guaranteed loan for $5 million, the maximum guarantee to the lender will be $3,750,000 or 75%. SBA Express loans have a maximum guarantee set at 50 percent.
Business interest rates, fees – charges #types #of #business
#business loan rates
#
Interest rates, fees and charges
Customer Margin may apply.
**These interest rates are indicative and are subject to change on a daily basis. Rates are linked to the “bid rate” quoted on the “BBSY” page of the Reuters Monitor System at or about 10.15am 26 August 2016 Sydney time. Different rates apply to different Pricing Periods. Details of current rates available on request. These rates are current as of 26 August 2016. For details of rates that apply on any other date please contact NAB.
***These rates are current as at the 1st of every month for that month. For full pricing details, please consult your foreign currency invoice finance facility agreement.
* Rates apply whilst qualifying criteria met otherwise Base Rate/Term Base Rate is the applicable indicator rate.
® Registered Trade Mark of American Express Company.
All rates and underwriting fees are effective, 2 September 2016 and are subject to change at any time.
To find out more, visit nab.com.au, call into a NAB branch, or call 13 10 12. Fees and charges apply.
Full details of these and relevant terms and conditions are available on application.
Onsite Training and Instructor-Led Virtual Classroom Fees #bakery #business #plan
#business training
#
Pricing
Our prices can vary depending on the complexity of a project or the time required to prepare and deliver your particular program.
For basic onsite training courses and instructor-led virtual sessions, you can quickly determine the price of a course by looking at our pricing chart on the next page.
As calculated for onsite training, we determine executive coaching fees based on the length and format of the engagement. Pricing for live and virtual coaching is listed under “Executive Coaching Fees.”
We price keynotes and meeting facilitation by the event, and consulting projects on a case-by-case basis.
Pricing Schedule Notes
- Prices quoted are for training and coaching programs in the continental United States.
- For Alaska, Hawaii, Puerto Rico, and Canada, the cost is the daily rate plus $750. For all other international locations, please contact us.
- All prices are quoted in United States dollars.
- If you are a government agency, please contact us about our GSA schedule.
- From time to time, our fees include the facilitator’s travel. Please contact us about your location. Where travel is not included, please plan on a travel allowance of approximately $500.
ONSITE TRAINING AND INSTRUCTOR-LED VIRTUAL TRAINING
Number of Participants
FOR MORE THAN 36 PARTICIPANTS, PLEASE CALL US.
** Most presentation skills and writing programs are limited to 24 or fewer students per session.
SIX-MONTH, LEADERSHIP-DEVELOPMENT PROGRAM
Lessons in Leadership is our signature leadership development program.
This premium offering is a six-session seminar priced at $3,800 per participant and includes all training material, books, and assessments.
To purchase this program, you must have a group of between 15 and 20.
ONLINE COURSES
For learners seeking a self-paced solution, we offer several training programs online. They range in price from $50 to $250. To determine the cost of a particular course, please refer to the course’s page on our website.
EXECUTIVE COACHING FEES
We conduct our coaching programs either virtually or in a combined format of in-person and virtual meetings. Pricing depends on the format you choose and the length of the program.
Three-Month Virtual Coaching: $2,800
Three-Month In-Person/Virtual Coaching: $4,500
Six-Month Virtual Coaching: $3,800
Six-Month In-Person/Virtual Coaching: $5,500
Twelve-Month Virtual Coaching: $5,800
Twelve-Month In-Person/Virtual Coaching: $7,500
KEYNOTE SPEAKING
If you are looking for a keynote speaker for your next event, we can pair you with someone who will engage, entertain, and educate your group. Keynote presentations range from 45 minutes to an hour. We provide keynote speakers at a rate of $7,500 per event.
FACILITATION
Executive retreats, strategic-planning meetings, and gatherings to address workplace change often require a skilled facilitator to craft a framework and guide discussions. We provide this service at a rate of $5,000 per day.
CONSULTING
Sometimes clients have needs not addressed by training, coaching, or facilitation. For those clients, we offer a broad range of consulting services. Fees for consulting depend entirely on the complexity of the project and are handled on a case-by-case basis.
SKILLS SUSTAINABILITY SUBSCRIPTIONS
Our 52 Pickups series is a weekly subscription service. At a cost of $52 per annual subscription, subscribers receive an article, podcast, and tip related to a focus topic once a week.
FREQUENTLY ASKED QUESTIONS
General Questions About Onsite Training
1.I found a course I like, but I only have one person I need to train. Do you offer public
We are not a public seminar company with a side business focused on onsite training. Rather, onsite training is the core of our business. We do not offer public programs.
Our half-day programs run three hours (e.g. 9 am – 12 pm) and our full-day courses seven (e.g. 9 am – 4 pm). We will work with your scheduling requirements to determine the exact timing for your program.
3.What is the maximum number of participants I can put in each class?
Over the years, we have learned what size group works best for each of the courses we offer. If you have a large group, please call us so we can learn more about your needs. On a case-by-case basis, we will work with groups larger than those for which we have listed prices.
4.I want to train one group in the morning and another in the afternoon on the same
topic. Do Ipay for two half-day sessions?
No. We charge you the full-day rate for the total number of people in attendance.
5.What do you provide, and what are our responsibilities?
Depending on the program, we will either ship training manuals or a short PDF for you to duplicate for your group. To run interactive sessions, we prefer seating configurations that allow for team problem solving. We also ask that you provide us with flipchart paper, easels, and markers. Your facilitator will work with you to confirm the specifics for your session.
We are happy to recommend a resource if asked, but we never sell products during classroom time.
7.May I speak with the facilitator before the session?
A big part of this business is fit. We strongly encourage you to speak with your facilitator before your session.
1.I’ve reviewed your outlines, and I want certain elements from a few of them. Can you
create something for me?
Usually. Your facilitator will work with you to determine your course agenda.
2.I want something you don’t offer. Can you create a program for me?
Please contact us about custom course crafting.
1.Where do you get your training materials?
Although we design the bulk of our courses from scratch, from time to time, we will use external resources to supplement our offerings.
2.I am a consultant, and I would like to purchase your materials to use with my own
programs. Do you sell your content?
We do not sell our content to other training providers.
3.Do you offer a train-the-trainer model to corporate clients?
On a case-by-case basis, we offer a train-the-trainer model. For example, a hospital wants to improve its customer service and hires us to develop a solution. As part of that process, we deliver the initial sessions and then turn the delivery over to the organization’s internal trainers.
1.How long are your virtual training sessions?
Virtual session segments are between 90 minutes and two hours. Whereas most programs are single-segment offerings, a few of our programs are multi-segment courses.
2.What are the technology requirements?
Each participant needs a computer with a high-speed internet connection and speakers. Ideally, those computers will also have a microphone and webcam.
3.I do not have a group. May I join a private webinar session?
Because of client confidentiality, we do not allow individuals to join private sessions.
We believe our fees are fair and reasonable. We do not offer one-time discounts or put our services on sale. For less expensive options, consider our online training or virtual-classroom option.
2.Another company offered to do the same kind of work for half of what you charge.
We can’t comment on why others charge less or charge more, but we can tell you our facilitators are highly experienced and command fees beyond those paid to beginners.
3.Do you offer a discount if we purchase several courses from you?
Yes. If you schedule and pay for multiple courses in advance, we offer a 5% discount.
4.We are a federal or state government organization. Do you have a GSA schedule?
Yes, please contact us.
5.We are an existing client, and your prices have gone up. Will your honor the rate
quoted to us last year?
Our goal is to maintain relationships with our clients. Please contact us to discuss your particular situation.
7(a) Loan Amounts, Fees & Interest Rates #business #blogs
#business loan rates
#
The specific terms of SBA loans are negotiated between a borrower and an SBA-approved lender. In general, the following provisions apply to all SBA 7(a) loans.
Loan Amounts
7(a) loans have a maximum loan amount of $5 million. SBA does not set a minimum loan amount. The average 7(a) loan amount in fiscal year 2015 was $371,628.
Fees
Loans guaranteed by the SBA are assessed a guarantee fee. This fee is based on the loan’s maturity and the dollar amount guaranteed, not the total loan amount. The lender initially pays the guaranty fee and they have the option to pass that expense on to the borrower at closing. The funds to reimburse the lender can be included in the overall loan proceeds.
On loans under $150,000 made after October 1, 2013, the fees will be set at zero percent. On any loan greater than $150,000 with a maturity of one year or shorter, the fee is 0.25 percent of the guaranteed portion of the loan. On loans with maturities of more than one year, the normal fee is 3 percent of the SBA-guaranteed portion on loans of $150,000 to $700,000, and 3.5 percent on loans of more than $700,000. There is also an additional fee of 0.25 percent on any guaranteed portion of more than $1 million.
Interest Rates
The actual interest rate for a 7(a) loan guaranteed by the SBA is negotiated between the applicant and lender and subject to the SBA maximums. Both fixed and variable interest rate structures are available. The maximum rate is composed of two parts, a base rate and an allowable spread. There are three acceptable base rates (A prime rate published in a daily national newspaper*, London Interbank One Month Prime plus 3 percent and an SBA Peg Rate).
Lenders are allowed to add an additional spread to the base rate to arrive at the final rate. For loans with maturities of shorter than seven years, the maximum spread will be no more than 2.25 percent. For loans with maturities of seven years or more, the maximum spread will be 2.75 percent. The spread on loans of less than $50,000 and loans processed through Express procedures have higher maximums.
*All references to the prime rate refer to the base rate in effect on the first business day of the month the loan application is received by the SBA.
Percentage of Guarantee
SBA can guarantee as much as 85 percent on loans of up to $150,000 and 75 percent on loans of more than $150,000. SBA’s maximum exposure amount is $3,750,000. Thus, if a business receives an SBA-guaranteed loan for $5 million, the maximum guarantee to the lender will be $3,750,000 or 75%. SBA Express loans have a maximum guarantee set at 50 percent.
Brokerage Fee Definition – Example #brokerage #fees
#
Brokerage Fee
What it is:
A brokerage fee compensates a broker for executing a transaction. It is usually, but not always, a percentage of the transaction value. In finance, stockbrokers most often come to mind, but real estate agents and business brokers frequently charge brokerage fees.
How it works (Example):
Let’s assume you would like to purchase 100 shares of Company XYZ at $35 per share. If your broker charges a 2% brokerage fee to make the trade, the cost of your transaction would be:
$35 x 100 shares = $3,500
If, several days, weeks or years later, you want to sell the shares. you will probably pay another brokerage fee, again based on the value of the shares. Let’s say the value of the Company XYZ shares was $50 when you sold. The net amount you would receive from the sale would be:
Although most investors would calculate the profit on the Company XYZ investment as simply the difference between $5,000 and $3,500 ($1,500 — or 42.85%), the savvy investor takes brokerage fees into account and knows that the real profit is $4,900 – $3,570 = $1,330 (or 37.25%).
Why it Matters:
As we demonstrated in the example above, brokerage fees eat into returns and should be considered when making any investment. The Company XYZ investment returned 37.25% after brokerage fees rather than 42.85% — a full 5.6% of the return went to brokerage fees. In addition, commissions are not the only fees associated with brokerage accounts — many brokerage firms charge “annual maintenance fees,” for example, that also reduce the investor’s account value.
The brokerage fee you pay is often dictated by the type of broker you use. Full-service brokers provide a lot of services — research reports, advice and even tax help. Their clients usually pay high fees in return for these services. Discount brokers. on the other hand, usually focus on executing trades and do little else. Their clients often pay much lower fees. In either case, fee structures also vary based on things like the size of the client’s account, the number or size of trades a client makes, the type of trades a client makes, and the kind of account the client has. For example, sometimes a broker will charge a flat rate for trades below a certain level or charge less for online trades.
It is important for investors to understand their trading preferences when evaluating fee structures. For example, an asset-based account, which charges an annual fee in return for zero or greatly reduced brokerage fees, is often more costly for buy-and-hold investors who don’t trade often — in their case, paying a brokerage fee once or twice a year may be far cheaper than giving away a percentage of the account every year.
InvestingAnswers is the only financial reference guide you’ll ever need. Our in-depth tools give millions of people across the globe highly detailed and thoroughly explained answers to their most important financial questions.
We provide the most comprehensive and highest quality financial dictionary on the planet, plus thousands of articles, handy calculators, and answers to common financial questions — all 100% free of charge.
Each month, more than 1 million visitors in 223 countries across the globe turn to InvestingAnswers.com as a trusted source of valuable information.
Interest Rates and Fees #free #business #banking
#government loans
#
Understand how interest is calculated and what fees are associated with your federal student loan.
Interest Rates and Fees
If you receive a federal student loan. you will be required to repay that loan with interest. It is important that you understand how interest is calculated and the fees associated with your loan. Both of these factors will impact the amount you will be required to repay.
What is interest?
Interest is money paid to the lender in exchange for borrowing money. Interest is calculated as a percentage of the unpaid principal amount (loan amount) borrowed.
What are the interest rates for federal student loans?
The interest rate varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. The table below provides interest rates for Direct Loans first disbursed on or after July 1, 2016.
Perkins Loans (regardless of the first disbursement date) have a fixed interest rate of 5%.
Interest Rates for Direct Loans First Disbursed on or After July 1, 2016
All interest rates shown in the chart above are fixed rates for the life of the loan.
Note: The interest rates for federal student loans are determined by federal law. If there are future changes to federal law that affect federal student loan interest rates, we will update this page to reflect those changes.
Who sets interest rates for federal student loans?
Interest rates on federal student loans are set by Congress.
How is interest calculated?
The amount of interest that accrues (accumulates) on your loan from month to month is determined by a simple daily interest formula. This formula consists of multiplying your loan balance by the number of days since the last payment times the interest rate factor.
Simple daily interest formula:
Outstanding principal balance
x number of days since last payment
x interest rate factor
= interest amount
What is the interest rate factor?
The interest rate factor is used to calculate the amount of interest that accrues on your loan. It is determined by dividing your loan’s interest rate by the number of days in the year.
How can I determine how much of my payment will go toward my outstanding principal balance?
Your loan servicer can tell you how much of your payment is applied to your principal balance. Find out more about loan servicers .
Are there any other fees for federal student loans?
Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received.
The chart below shows the loan fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans first disbursed on or after Oct. 1, 2014.
*As of July 1, 2012, graduate or professional students are no longer eligible to receive subsidized loans.
**No new FFEL Program loans have been made since July 1, 2010.
Most loans (excluding Perkins Loans) first disbursed prior to July 1, 2006, have variable interest rates that are effective from July 1 of one year through June 30 of the following year. Interest rates for these loans are not displayed on this site. For information about any variable-rate loans you may have, contact your loan servicer .
A loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest.
A loan expense charged for the use of borrowed money. Interest is paid by a borrower to a lender. The expense is calculated as a percentage of the unpaid principal amount of the loan.
The organization that made the loan initially; the lender could be the borrower’s school; a bank, credit union, or other lending institution; or the U.S. Department of Education.
Date federal student aid funds were credited to a student’s account at a school or paid to the student or borrower directly, as reported by the school.
A company that collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining a federal student loan on behalf of a lender. If y.
Under this program, private lenders provided loans to students that were guaranteed by the federal government. These loans included Subsidized Federal Stafford Loans, Unsubsidized Federal Stafford.
Federal Family Education Loan Program