Student Lending

Carleton is the leading provider of compliant loan calculation software for the student lending industry. In 1967, Carleton founder, Joseph Carleton Pitts, served on a sub-committee that defined the Truth In Lending Act (TILA) Regulation Z annual percentage rate (APR) disclosure requirements. Over the years, we have continued innovating and supporting the computation of all student loan charges as many of the major private student lenders utilize our student lending API.

The CarletonCalcs^® Student Lending API supports all disclosure computation requirements including multiple disbursements, grace periods, origination and miscellaneous fees, fixed and variable rate loans, deferred payments, interest only and/or equal principal and interest payments, graduated payments, and optional capitalization of deferred interest (quarterly, annually, or at the end of a grace period). Carleton also offers student lending consulting services to assist in determining the compliant generation of TILA disclosures and Original Issue Discount (OID) computations generated from loan origination and servicing systems.