A warning about the debt calculator: Please note the debt calculator is not wholly inclusive. For instance, many loans require students to pay origination fees, which can often reach as high as eight percent. This simple loan calculator does not compute factor in those important costs. Also, the calculator assumes that most students have fixed-interest rate loans. If this is not the case, please be warned: Merely entering multiple computations will not necessarily provide an accurate result.
The calculator is, however, a good source of unofficial advice. It can give you a general idea of your debt upon graduation and, more importantly, it can help you estimate the kinds of bills you might be paying. But it is not a substitute for more qualified financial advice. The Eagle cannot guarantee the accuracy of the calculator's results.
-TONY ROMM
