We're making today a quick one. I'm taking a good look at how to help families understand how college loans work, and what they'll be like to pay off after college.
Here are some quick resources for your home calculations:
- U.S. Department of Education
Information about the Federal Direct Loan Program, including publications and tools to help manage Direct Loans
- College Board
Calculators and information on loan repayment estimates and comparing federal and private loans
- Mapping Your Future
Repayment information including calculators to estimate repayments & salary based borrowing levels
- Chronicle of Higher Education
Information displaying average amount of debt assumed by parents at various institutions