Patent ID: 7680729

Claim:
A method for education planning, comprising: collecting, by a computing device, information associated with a cost of obtaining an education and information associated with funding the cost; determining, by the computing device, an amount to be financed by using the information associated with the cost of obtaining the education and the information associated with funding the cost; and providing, by the computing device, a payment plan for financing the amount to be financed, the payment plan including a levelized payment to be made at a number of intervals for a repayment term, wherein the levelized payment (L) is determined by using a net present value (V) associated with more than one funding event over the course of an education program; wherein the levelized payment (L) is determined in association with a formula having various factors including: the amount to be financed (A); an interest rate (I) associated with the more than one funding event; a repayment term (R); and a length of time (M) in which a party other than the first party is paying a portion of interest associated with the amount to be financed, and wherein the formula is: L = [ A * I * ( I + 1 ) R ] ( M * I + 1 ) * ( I + 1 ) R - 1 ⁢ .