New Site To Calculate Potential Student Loan Debt

Ann McClure's picture
Thursday, April 12, 2012

Want to calculate how much you could owe in student loans after graduating from a particular college? A new government website provides tools to help with the math.

The site, by the Consumer Financial Protection Bureau, is in the testing phase, but already includes information from 7,500 colleges and universities.

Users can plug in details such as grant and scholarship offers to compare what they might owe after attending different schools. The site also offers information on graduation and student loan default rates.

A "military benefit calculator" function allows the nation's more than 2 million Iraq and Afghanistan veterans to determine what they could owe after using their GI Bill benefits.

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