Student Lending
An Educational Lending Calculation API
The CarletonCalcs® Student Lending API provides all the federal student lending disclosure computations and output data in compliance with applicable laws. This API can calculate interim payments or deferrals, graduated repayments, origination fee calculations, and more. In 1969, Carleton played a lead role in the creation of Regulation Z Appendix J annual percentage rate ("APR") disclosure requirements. We continue this leadership by supporting the computation of all student loan charges reported on the 1098-E including the Original Issue Discount ("OID").
Supported Loan Programs
Parameter options through the Student Lending API include computing interim payments or deferrals, graduated repayments, and origination fee calculations.
- Fixed and Interim Rate Loans
- In-School Payment Options
- Limited Aggregate Deferral Periods
- Grace Period Support
- Repayment Options
- Origination Fees Based on Percentage of Loan Amount
- Interest Capitalization Options
- Multiple Disbursements Support
Markets Served
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