Finology Software has made a substantial leap forward with the introduction of an enhanced feature within their Student Loan Repayment Planning Calculator: Scenarios.
Today marks an exciting milestone as Finology Software unveils the Scenarios enhancement, designed to revolutionize the way users approach their student loan repayment strategies. This latest addition empowers individuals to effortlessly save and manage diverse income schedules within the calculator, offering a versatile toolset to navigate through different client proforma income Scenarios.
The beauty of Scenarios lies in its simplicity. Users can seamlessly set and modify different income schedules directly within the calculator interface. Whether it’s adjusting income increase rates, escalating salary increments per client needs, or factoring in spousal income through modifying the tax filing status. The flexibility of Scenarios streamlines the process of planning and visualizing multiple repayment strategies.
Paired alongside Scenarios, is Finology Software’s Versions, that delivers ways to save and set repayment plans, loan types, balances, and interest rates. This functionality serves as a tailored repository, allowing users to store and switch between various loan configurations effortlessly. With Versions, exploring different loan scenarios becomes a breeze, enabling advisors to assess the impact for their clients. This makes showcasing a prospective “double consolidation” simple for Parent PLUS loans.
The significance of this enhancement extends beyond a mere software update; it represents a commitment to empowering advisors to take care of clients and reduce their expsoure to their student debt. Whether aiming to accelerate debt repayment, optimize payment schedules, or explore federal IDR simulations, Finology Software’s Scenarios and Versions features offer a robust platform for informed decision-making.
About
Finology Software provides a cutting-edge solution for student loan repayment planning. Our platform offers an innovative set of tools that help financial advisors streamline their client loan data onboarding process, create automated analytics, simulate federal income driven repayment plans, and track progress towards completion of specialized programs like Public Service Loan Forgiveness (PSLF). Our mission is to empower organizations with sophisticated advance-financial planning tech and intuitive functionality in order to better serve college graduates and empower the users of our platform to deliver on their own financial wellness enterprises. Finology Software is developed by a world-class team of technology engineers, designers and executives with a track record of building market leading products and is a remote first company.
