Myloans

What is Myloans?

MyLoans.ai is an AI tool built to help graduate students manage student loan repayment. It combines a free loan repayment calculator, custom repayment plans, and consumer advocacy. The platform factors in your income, total federal loan balance, average interest rate, and family size to generate a repayment plan tailored to your situation, and it provides support and answers to your questions along the way.

Who created Myloans?

The founder started MyLoans.ai after personally dealing with over $400,000 in student loan debt, combined with a background in finance. The company’s goal is to cut through the confusion of student loan repayment and give borrowers the knowledge and tools to make informed decisions. It uses AI to deliver personalized guidance and advocacy, with a focus on straightforward loan management and accurate solutions.

What is Myloans used for?

• Creating personalized loan repayment plans based on your income, total federal loans, average interest rate, and family size
• AI-assisted financial counseling and refinancing advice
• Consumer advocacy on your behalf
• Insights into your loan payments and the ability to compare different options
• Support and answers to your questions throughout the repayment process
• Serving current and former graduate students, with a primary focus on federal loans

Who is Myloans for?

• Graduate borrowers and current graduate students
• Former graduate students
• Undergraduate borrowers

MyLoans.ai is best suited for borrowers who want tailored repayment guidance rather than generic advice. Entering your financial details into the free calculator produces a repayment plan built around your specific circumstances, and the platform’s advocacy focus means it works to represent your interests as a borrower.