Business

App helps graduates manage their debt

Did you recently graduate from college but can’t figure out how you’re going to keep track of, let alone pay off, your many student loans?

Then you might want to check out Tuition.io, a free website that gives you a comprehensive look at what you owe and helps you figure out how to pay off your debt.

Tuition.io will find your federal student loans and let you enter your username and password for private servicers. If your servicer’s not in Tuition.io’s database, you can enter information about your loan manually.

The site then displays a list of all of your loans, your estimated monthly payment, the percentage you’ve paid off since joining Tuition.io and your estimated balance. There’s also a graph showing how long it will take you to pay off your loans. If you move the slider at the bottom of the page, another line on the graph will show you what your loan repayment would look like if you paid more each month.

You can also access similar graphs and detailed information (like the due date of your next payment) about individual loans by clicking on each one.

And you can use Tuition.io to create a plan for paying off your loans. Tuition.io will ask you a series of questions about your financial situation and employment. Based on your answers, you can select from a number of options, including consolidation, various methods of repayment, grants and forgiveness, and postponement.

Tuition.io can send you reminders of upcoming payment due dates.