| Tool: Student Loan Debt Calculator |
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| Go to: | http://www.bankrate.com/.../student_loan_debt_calculator.asp (opens a new window) | ||
| Description: | The "Student loan debt calculator" applies two simple principles to paying off high-interest debt. 1. Consolidate the existing student loans 2. Use the extra cash every month to pay off other higher interest debt sooner We apply the amount of payment savings you choose to the nonstudent loan debt with the highest rate. When that balance is paid in full, the balance with the next highest rate will be paid down. This continues until you have rolled through all of the balances and the non-student loan debt is paid in full. Click the "View Report" button for a detailed look at the results. | ||
| Technology Type: | Calculator | ||
| Authors: | Bankrate Inc. |
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| Language: | English | ||
| Cost: | Does not require payment for use | ||
| Average Rating: |
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| Courses: | Algebra | Growth | |
| Algebra II | Growth and decay applications | ||
| Financial Education | Borrowing, Debt, Interest rate, Loans, Student loans | ||
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