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  Repaying Student Loans
  •  Repayment Options
  •  Loan Consolidation
  •  Tax Incentives
  •  Payment Problems
  •  Postponing Payments
•  Repayment Calculator
  •  Budget Calculator
  •  Accrued Interest Calculator
 
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Repaying Student Loans

Repayment Calculator

This worksheet helps you estimate your monthly loan payment and allows you to see the impact of required minimum monthly payments.

To estimate your monthly payment, enter the loan balance, interest rate, and loan term (leave the minimum monthly payment set to 0).

All fields required.

Repayment Calculator
  Loan Balance:  $   
  Interest Rate:   %  
  Loan Term in Years:    
  Minimum Monthly Payment:  $   
  Monthly Loan Payment:  $   
  Loan Term in Years:    
  Total Payment:  $   
       Principal Payment:  $   
       Interest Payment:  $   

Some loan programs have a minimum monthly payment requirement. Include the minimum requirement to estimate the affect on your repayment schedule. It may result in a shorter loan term.

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Tips

•  Many education loans have maximum repayment periods (often 10 years).
•  The shorter the loan term, the less interest you will pay.
•  For more information on the options for repaying a student loan, visit the Repayment Options.

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