Sunday November 22, 2009 10:59 PM ET
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New Advice for Shopping for Student Loans
Scandals with "preferred lender lists" mean finding the right loan requires new techniques.
 
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Posted by: rothbaum
College Toolkit (http://www.CollegeToolkit.com) recently launched a Loan Marketplace, that helps students make apples-to-apples comparisons of Stafford, PLUS, and Private loans. We've developed a unique indicator called a Loan Cost Index, which takes all the moving parts of a loan (interest rate, upfront fees, borrower benefits, and more) and calculates a single number representing the cost of the loan in today's dollars. This makes side-by-side comparisons much easier. We also provide users the flexibility to add their own loans and to turn on and off borrower benefits.

Our tool is available at http://studentloans.collegetoolkit.com/StudentLoans/LoanComparison/Select.aspx
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