Calculators

Estimated Payment and Loan Cost

Use this calculator early in enrollment to stay on top of your student loan obligations. See an estimate of the monthly payment options and associated loan cost you could have based on the balance you enter.

Instructions

Step 1

Enter a loan amount (including any fees).
Enter the interest rate.
Indicate if the loan is subsidized (meaning no interest accrues on the loan balance while you are in-school).
Enter the number of months until you will begin repayment. Consider your remaining months in school, any grace period and/or period of postponement.
Enter how many months you plan to be in repayment? Many loans have a ten year repayment term or 120 month repayment period.

Step 2

After all loan information has been entered and reviewed for accuracy, click Calculate to obtain estimated repayment options and loan cost.

Important Notes

Enter various repayment terms to see differences in monthly payment amounts and total loan costs.

Step 1 of 2

Enter loans

Loan Amount Borrowed:

Interest Rate:

Is interest subsidized while in school?

Yes
No

Interim months until repayment
(in-school & grace period):

Months to Repay:

Step 2 of 2

Estimated Loan Costs

Calculation is currently invalid. Please, Re-Calculate.

Note: Federal Regulations require a $50 minimum monthly payment for any account (loan type specific). All calculations are based on loan amount and full repayment term.

Step 3 of

Step 4 of

Total Higher Education