student loan repayment calculator
Posted : March 17, 2004
Last Updated : May 23, 2013
The student loan calculator is a very valuable tool that will estimate your monthly student loan payment. This estimate will help you realistically decide how much money you can afford to borrow.
To use the student loan calculator:
Enter the number of student loan payments (typically 120, i.e., 120 months -- 10-year repayment)
Enter your student loan balance (the valid range is $1,000 to $150,000 dollars), and
Choose a student loan interest rate.
Please remember that the figures computed by the student loan calculator are just estimates.