Four years of college. Financial decisions that can last decades.
The price of college is only part of the story.
Before your family commits, see what each college could really mean for your finances. How much would you need to borrow? Who would owe it? What could your monthly payments look like? And how much could you ultimately repay with interest?
The CollegeClearly Report puts those answers in one place. Free
A fictional family. Estimates at today’s federal loan rates. See the assumptions
Two loans. One family budget.
In the sample family’s Ole Miss plan, the student and a parent would each take on loans in their own names. The Report shows both, side by side, and adds them together, so you can see what your household would pay each month.
Assumptions. From our sample Report: a fictional Tennessee family with $15,000 a year in merit scholarships, $10,000 a year from income, and $30,000 in college savings. Payments use today’s published federal rates and the federal standard repayment plan, and include loan fees and the interest that builds up during college. Both borrowers start repaying six months after graduation, with no pauses. Your own figures will be different. See the complete sample
“I made student loan payments for more than 20 years. After all that time, I still owed approximately $37,000.”
About ten minutes. Up to five colleges.
See the whole picture before you commit.
Free. Not financial advice. No college, lender, or partner has any say in what your Report shows.