PSA Scholarship

• Mr Fugue

  8 Dec 05, 23:17

  Originally posted by Mariner:

  sometimes the terms and conditions are also not stated clearly....for example...can someone explain to me this :
  
  If the person breaks the bond, he is liable to pay the company the amount that was given to him by the company plus an additional amount of interest not more than that of a bank's interest rates for study loans.
  
  can explain to me?

  in a nutshell, it means:
  
  ''you must pay back MORE than what we gave you''
• Mariner

  8 Dec 05, 23:19

  what i dunno about it is that the bank's study loan interest rates is calculated in simple interest or compound interest. and also...do they include the so called ' administration fees' like that of the PSA guy?
• dragg

  9 Dec 05, 09:11

  i think they did.