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Loan Repayment Calculator

Use the Loan Repayment Calculator to estimate what your monthly payments will be once you enter repayment on your student loans. The calculator will help you decide how much you should borrow based on what you reasonably will be able to repay.

The calculator is based on standard repayment for the Federal Stafford Loan Program. The minimum monthly payment for Federal Stafford and Federal PLUS loans is $50; $40 for the Federal Perkins loan.

If you have borrowed through the Federal Direct Lending program, your repayment options may be different.

Instructions

Use whole dollar amounts, no decimals.� All blanks are assumed to be zero.

Loan Repayment Calculator
Number of Years
Interest Rate (%)
Amount Borrowed

Results
Number of Payments
Estimated Monthly Payment
Total Principal and Interest *

This calculator provides you with an estimate only. Interest rates, loan programs, and federal regulations may impact your monthly payments.�

Related Topics:
Repayment Options
Repayment Process
Repayment Disclosure
Loan Consolidation
Loan Status
Loan Management

 

 

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