Student Loan Calculators

Wondering how much your student loan payments will be? Take the guesswork out of it by using a Loan Repayment Calculator to gain an idea of how much you will need to pay each month on your private student loans, Federal Stafford or PLUS loans. You can also find out how different interest rates could affect future monthly student loan payments.

The Loan Repayment Calculator works by computing an estimate of the size of your monthly loan payments and the annual salary that is required to manage them without undue hardship. You can use this Loan Calculator with Federal student loans such as Stafford , Perkins and PLUS as well as most private student loans. The calculator will assume the interest rate will remain constant throughout the life of the student loan. For the Federal Stafford loan, there is a fixed interest rate of 6.8% and a fixed interest rate of 8.5% for the Federal PLUS loan. The Perkins loans have a fixed interest rate of 5%.

Calculations by the loan calculator are also based on equal monthly installments through standard loan amortization. Keep in mind that if you have alternant repayment plans, such as income contingent or graduated payment plans, the results will not be accurate.

Be aware that some student loans do have a minimum monthly payment.

Please keep in mind the projections of these calculators are estimates only. Your actual payment and interest rate are dependent on verification by your current lenders.