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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 a standard repayment for the Federal Stafford Loan Program. Based on the amount you borrow, the minimum monthly payment for the Federal Stafford Loans and Federal Plus is $50; for the Federal Perkins Loan, it’s $40.
If you borrow through the Federal Direct Loan Program, your repayment options may be different.
Instructions
This calculator provides you with an estimate only. Interest rates, loan programs and federal regulations may impact your monthly payments.
Use whole dollar amounts, no decimals. All blanks are assumed to be zero (0).
This calculator provides an estimate only. Interest rates, loan programs and federal regulations may impact minimum monthly payments.
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