User:Postonw/sandbox

PERSONALIZATIONS is a coined-word as follows: [Personalized & Amortizations] that allows a home-owner's [mortgage] and now student's [college tuition loans] to have a [B.R.P.] Balance-Reduction-Payment amount paid directly to the [loan's] balance without any interest incurred... the full-amount subtracts directly from the existing balance. PERSONALIZATIONS will comply to the normal amortization's algorithm's of complexity as to Months, Payments, Principal, Interest, Balance derived for that specific loan. This derivation will not include any of the amortization's mathematical concepts [algorithms] as they are well known and are listed as references. PERSONALIZATIONS in this case for student's loan pay-off / pay-back that will have an additional feature in regards to the pay-amount and the payee.

CONTENTS:

PERSONALIZATIONS PAID-AMOUNT [B.R.P.]

The exact amount [$$$$] can be from $100.00, $500.00, %1000.00, $10000.00... to the full-amount of the student's loan as their are NO guidelines for the B.R.P. As stated earlier... this amount [$$$$] will be paid to the institution [bank] and the full-amount will be exactly subtracted from the Balance.

PERSONALIZATIONS PAYEE [Parent, Relation, Citizens, Funds] ]

In normal home-amortizations this person will usually be the home-owners, BUT in the [PERSONALIZATIONS] student's school loans this person will mostly be the parents, brothers / sisters and other associates, or can be from a Fund to assist in paying this students loan to completion. The student can participate in many outside activities that will generate some monies for his/her funds.

PERSONALIZATIONS AMOUNT [Home-Owner]

In the past 40 years the PERSONALIZATIONS AMOUNT [home-owners] was usually paid during the December month [Christmas Present] to the family. However... for the PERSONALIZATIONS AMOUNT [student] it can be paid at any month by the Payee for any Paid-Amount to the existing student's school tuition loan.

PERSONALIZATIONS CALCULATIONS

GENERALLY the student will pay the monthly or yearly amounts to the institution [bank] as agreed by the student's loan contract, BUT an additional amount can be applied to the student's loan by himself / herself as they desired at any time during that year. However... any other Payee can also make a payment during this same period to balance. MOM'S & DAD'S will usually make a B.R.P during the school-years-end [June] of at Christmas [present].

Also... IF the student has a [S.T.F.] School Tuition's Fund... then the chairman of that fund can collect & pay [B.R.P.] to the students tuition loan. In this manner they [anyone] can contribute to the S.T.F. for that student all during the year and direct the chairman [S.T.F.] to make B.R.P. for a Christmas present.

PERSONALIZATIONS CALCULATIONS EXAMPLES:

Student borrows a total of $10,000.00 for this years tuition and is not making his normal monthly payments [2.50% interest]. His Mom and Dad wish to make a Christmas present {B.R.P.] OF $1000.00 to the kids student loan. NOW... at the banks balance statement will clearly indicate that the New Years Balance is exactly $9000.00 [no interest incurred] .