How does the interest on education loans accrue?

by Find Your Feet
Question by nwaff102: How does the interest on education loans accrue?
I am talking about private loans.
Say I am getting a ,000 unverified private loan with an interest rate of prime(7.75). What will this loan be in 1 year with no payments? I am struggling with exactly how to figure this out.
I am looking at putting my federal loans in a high yield savings account as being a nurse they will be paid after a while of working.
I know this question is kind of scattered, but so

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