Southwestern Law School Loan Calculator

Los Angeles, California

Student Loan Calculator – Instructions

The best student Loan Calculator should be able to both save you time and money.

That is why Prepler’s one can tell break down the numbers for you in such a simple and efficient way. We have built our student Loan Calculator with students in mind, so that they can get clear information within seconds.

We want you to receive financial information to save you college costs. Our tool aims to replace the need for dozens of different calculators, adding all up in one easy - to - understand outlet. Here’s how it works.

How does Prepler’s student Loan Calculator work?

You may simply try our student Loan Calculator tool below by introducing the relevant data required on each field. Numbers must be accurate, so that we can provide you with real value!

We take into account factors as relevant as the interest rate on a college loan, which should be specified on the loan promissory note or on the lender's website. Mind you, should you have more than one college loan, each of them may have a different interests rates.

In order to determine the average interest rate, we simply multiply the interest rate on each loan by the loan balance, add each one of them, and then divide the result by the total loan balances. Sounds difficult? Because it is! That is why our student Loan Calculator comes in handy.

Why are loan calculators so relevant for students?

For many college students, borrowing student loans each year is not an option, but a need.

We understand that it is easy to lose track along the way: you get the loan, but you simply don’t know the numbers that well. This may end up in a terrible situation after the loan is signed.

In addition to this, finding private student loans is a little complicated, as the crucial terms are not always clear.

Our student Loan Calculator reviews all of the numbers you have, asking for the essential fields. By using our tool, you will never miss any relevant details. You can also get a copy of your free report, so that you can later confirm the terms of your loan with the lender. Sounds great? Because it is!

Does your student Loan Calculator factor in additional payments?

We know good and well that you will make as many additional payments on your student loans as possible. As there are no prepayment penalties on college loans, our college student loan calculator has the option to include additional payments.

Mind you, you should always contact your specific lender to see how they handle such additional payments, as that may vary from one case to another. Our tool provides you with all the information, so that you know how each case scenario would look.

Remember that if you are working for public service loan forgiveness plan, there is no point in making additional payments, as those would reduce the amount of your forgiveness.

All in all, if you are looking for the best student Loan Calculator, Prepler has you covered. Borrowing responsibly begins with you having all the information.