:: Estimate Your Loan Payments ::
How much will your student loan cost when repayment begins? Use this calculator to estimate your monthly payment. This handy tool can also be used to estimate the monthly payment for a car loan, mortgage or other type of consumer loan; simply change the principal amount, interest rate and number of monthly payments.
If you don't remember your interest rate or principal amount, view your aid summary by logging in to your account on StudentAid.gov.
* Your monthly payment may differ from the estimate provided by this calculator. The number of monthly payments is pre-set to 120 based on the standard 10-year repayment plan for student loans. The interest rate is pre-set to the current undergraduate unsubsidized Direct Loan rate of 4.99 percent. Student loans have different fixed or variable interest rates depending on the loan type and the date the loan was disbursed.
Visit Mapping Your Future and check out their Debt/Salary Wizard to help you calculate how much debt you can comfortably handle with your anticipated salary.
