How does the ScholarPoint Home Page determine the displayed consolidation savings?
We begin with the same process as used by our payment calculator. We compare a standard Stafford repayment rate, term, and payment schedule with a Consolidation Loan using the Graduated payment plan consolidated while in a grace or deferement period (with a 0.60% reduction). We assume that a lower monthly payment is an objective, so the payment quoted is for the Graduated payment plan where the first payment term (of two years) is interest only.
Related Questions
- How did University Loan Relief come up with the possible consolidation savings that shows on the home page and in the calculators?
- How does the ScholarPoint Payment Calculator determine rates for Federal consolidation loans?
- How does the ScholarPoint Home Page determine the displayed consolidation savings?
