The Iowa Student Loan Corporation is offering an on-line tool to help students calculate how easy or how difficult it will be to pay off their student loans once they get a job in their field of study. Christine Hensley — the chairwomen of the corporation’s board of directors — suggests calculating that return on college investment can be a reality check.
“With a few single clicks of the mouse, students can easily explore various college majors and the jobs that they might yield,” Hensley says. “…We wanted to create a tool for how much they should borrow for college.”
The Iowa Student Loan Corporation also offers what’s called a “student loan game plan” and Hensley says students who’ve completed the plan in the past two years have decreased the amount they’re borrowing by an average of $2000.