The Student Loan Corporation (SLC), a subsidiary of Citibank and an originator of student loans, has launched a set of online repayment tools and calculators on its website, to assist consumers in managing and repaying their student loans. SLC’s suite of online repayment tools includes repayment advisor, monthly payment calculator and prepayment calculator.
All of the resources and services that SLC provides aim to keep payments affordable for borrowers, protect their credit rating, and promote responsible borrowing.
Michael Reardon, chairman, president and CEO of SLC, said: “Students today graduate with, on average, over $20,0001 in student loan debt. We are committed to providing borrowers with the information they need to understand their obligations, the available repayment options, and how their student loan payments fit within their monthly budget.
“Our comprehensive set of online repayment resources helps simplify what is often considered a complicated process, while enabling borrowers to confidently manage their student loan payments and protect their credit history. We continue to invest in innovative tools that provide borrowers with guidance on loan repayment strategies and help them build a strong financial future.”
