Question 1

How does the student loan calculator work?

Accepted Answer

Unburden calculates your loan repayment using the avalanche method, prioritizing high-interest loans first. It simulates interest accrual during school, capitalization at graduation, and monthly payments until payoff. You can adjust in-school and post-graduation payments to see how they affect your total cost and payoff timeline.

Question 2

What is the avalanche method?

Accepted Answer

The avalanche method is a debt repayment strategy where you pay minimum payments on all loans, then put any extra money toward the loan with the highest interest rate. This mathematically saves you the most money over time compared to other methods.

Question 3

Can I save my loan plans?

Accepted Answer

Yes! Unburden allows you to save multiple loan repayment plans locally in your browser. You can compare different strategies side-by-side to see which saves you the most money or pays off your debt fastest.

Question 4

Is my data secure?

Accepted Answer

Absolutely. All your loan data is stored locally in your browser using localStorage. We never send your financial information to any server. Your data stays on your device and is completely private.