How It Works
We'd love to tell you that the edCelerator™ software relies on secret and "complex algorithms" or "factorial math" but it doesn't. We'd also like to tell you that it costs $3,500 like our competitors' mortgage payoff program. But it doesn't. Fact is, it's a program that uses lots of simple arithmetic equations in a rapid and easy-to-follow way. And it costs $99, not $3,500.
The edCelerator™ analyzes and tracks the payoff of college (or other) loans in record time, thereby minimizing interest expense. It carefully uses a Home Equity Line of Credit (Heloc) to pay off debt. edCelerator™ maximizes the effect of monthly cash flow on debt reduction, converting debt from accruing interest once a month to accruing interest daily which, perhaps counter-intuitively, is good: Family income can be applied immediately to daily interest loans, dramatically reducing the overall loan interest amount. This results in a lower net, real cost of college.
Don't worry - the edCelerator™ comes with detailed instructions and will accommodate changes to your financial picture. It takes no more than ten minutes per month to update and can save you many thousands of dollars on college. And always available to assist you is your edCelerator™-Certified Catholic College Planner!
Please click here for "edCelerator™ versus Making Extra Payments."
To generate an estimate of how inexpensive the edCelerator™ can make college, your college planner will enter information about your financial situation. The information is entered by category and is kept in the strictest confidence. edCelerator™ college planners never ask for account numbers and once you activate the software, only you can make changes or input balances. The edCelerator™ resides on your computer, not on some other company's website.
The edCelerator™ is surprisingly easy to use and never needs more than a monthly update by you. You first enter your Principal and Interest Loans, your Heloc information (this may include a college loan), your income and your expenses. This information will enable edCelerator™ to generate Quick and Detailed (200+ pages!) estimates of exactly when your college loans will be paid off. If you continue the edCelerator™ program after college, which is optional, it will help you pay off your house in record time, too!
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