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Education Loan Calculator

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Education Loan EMI Calculator: Use Avanse Education Loan Calculator to evaluate your monthly EMI by providing loan amount, rate of interest and loan tenure. To know more visit : – PowerPoint PPT presentation

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Title: Education Loan Calculator


1
Education Loan Calculator
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3 Student Loan Calculators That Can Help Save You
Thousands
3
  • Seven in 10 college graduates in 2015 have some
    student loans when they graduate. So, unless
    youre one of those lucky few, student loans are
    likely to be a part of your monthly expenses upon
    graduation. Fortunately, there are many student
    loan repayment calculators that can help ease the
    payoff process.
  • Borrowers are often unsure about what their
    payments will be or how long repayment will
    likely take. Here are three great student loan
    calculators for student loan borrowers to learn
    more about their payment and payoff options.

4
Student Loan Payoff Calculator
  • This payoff calculator offered by Nerd Wallet is
    a very quick way for students getting a loan for
    the first time or borrowers who have not entered
    into repayment yet.
  • Allows a borrower to see how much their payment
    will be depending on the interest and length of
    the loan.
  • Once a borrower puts in his or hers loans, the
    amount of interest paid will be displayed. This
    can be very useful to help see how much you could
    save by refinancing.

5
Student Loan Repayment Calculator 
  • Several student loan calculators offered by You
    Can Deal With It are focused on eliminating
    student debt.
  • Student loan repayment calculator that shows how
    much you would likely pay on various federal
    income-based repayment plans.
  • Has a student debt calculator that compares how
    long it would take to pay off your loans with
    current payments and with additional (prepaying)
    payments.
  • Other calculators include, budget calculators,
    interest rate calculators and student loan
    consolidation calculators.
  •  

6
Student Loan Consolidation Calculator 
  • This calculator offered by Fin Aid is intended to
    show borrowers how they can consolidate multiple
    loans into one loan.
  • It allows borrowers to enter in various student
    loan types including private loans, federal loans
    and PLUS loans. However, private loans can only
    be added to a private consolidation.
  • Consolidation calculator shows what payments and
    terms would be if they were consolidated into one
    loan.
  • Results generate repayment and estimated required
    income on a standard 10-year term, an extended
    repayment of 20 years and a graduated repayment
    program of 20 years.

7
Methods of Paying off Student Loans
  • As the education loan calculator propose, there
    are several repayment strategies that can be
    adopted to help pay off your student loans
    faster. Seeing how prepayment can help reduce
    your total interest paid is one method that
    should be explored if you are the right financial
    state. Consolidation is a great way to ease the
    repayment process and adjust the term length of
    your loans accordingly. If you have federal or
    federal and private loans, though, refinancing is
    a great way to lower your interest rate and
    change your repayment terms completely as well as
    maximize for a lower monthly payment or a lower
    total repayment.

Source http//www.huffingtonpost.com/credible/3-
student-loan-calculator_b_7447306.html?irIndiaad
sSiteOverridein
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https//www.facebook.com/AvanseEducationLoan
https//www.linkedin.com/company/avanse-financial-
services
https//twitter.com/avanseeduloan
https//plus.google.com/AvanseFinancialServicesLt
dMumbai
https//www.youtube.com/channel/UCcsuUx1EH1C08XmX2
embpug
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  • Read more on Education loan calculator
    http//www.avanse.com/calculators/emi-calculator/

Thank You..!!!
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