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Posted 11:23 AM EST April 16, 2008
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
Our tool is available at http://studentloans.collegetoolkit.com/StudentLoans/LoanComparison/Select.aspx