student loan repayment calculator

Posted : March 17, 2004
Last Updated : May 23, 2013
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student loan repayment calculator

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:

  1. Enter the number of student loan payments (typically 120, i.e., 120 months -- 10-year repayment)
  2. Enter your student loan balance (the valid range is $1,000 to $150,000 dollars), and
  3. Choose a student loan interest rate.

Please remember that the figures computed by the student loan calculator are just estimates.

You must have JavaScript enabled in your browser.

Number of payments:

Interest rate:

Total loan balance (including any interest):

Your monthly payment is:




 

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student loan repayment calculator






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