Carleton in Student Lending
Compliant Financial Solutions for the Student Lending Industry
Carleton is the leading provider of compliant loan calculation software for the student lending industry. In 1967, Carleton founder, Joseph Carleton Pitts, served on a sub-committee that defined the Truth In Lending Act (TILA) Regulation Z annual percentage rate (APR) disclosure requirements. Over the years, we have continued innovating and supporting the computation of all student loan charges as many of the major private student lenders utilize our student lending API.
Student Lending Solutions
Supporting All
Disclosure Computation Requirements
The CarletonCalcs® Student Lending API supports all disclosure computation requirements including multiple disbursements, grace periods, origination and miscellaneous fees, fixed and variable rate loans, deferred payments, interest only and/or equal principal and interest payments, graduated payments, and optional capitalization of deferred interest (quarterly, annually, or at the end of a grace period).
Carleton also offers student lending consulting services to assist in determining the compliant generation of TILA disclosures and Original Issue Discount (OID) computations generated from loan origination and servicing systems.
A suite of calculation APIs that provide fast and accurate loan and lease computations, while meeting compliance regulations at lender, state, and federal levels.
A part of the CarletonCalcs® suite of calculation APIs, this solution computes federal student lending disclosures with several parameter options.
A single-source solution for generating and distributing all compliant documents and forms utilized throughout the purchasing journey.
The Student Lending Journey
Carleton’s solutions can fit anywhere within the student lending process—making it simpler, smarter, and more efficient.
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Shopping & Buying |
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Quoting Payments |
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Signing & Submitting Credit Applications |
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Validating Loan Structure |
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Originating |
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Calculating Payment Disclosures |
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Compliance Validation |
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Preparing Lending Documents |
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Preparing Internal Documents |
60%
of organizations struggle with complex loan structures
Who We Serve
Student Lending Software & Integration Partners
- Loan Origination Systems (LOS)
- Lenders
- eSigning Providers
- Document Generation Tools
- Contracting Tools