Student Loan Calculator

The cost of higher education is often expensive, and figuring out how to finance your education can be difficult. For students who are unable to gather the necessary funds up-front, student loans are a way to ensure that tuition payments are met. But if you’re not a math person, all of the student loan jargon can be confusing. That’s where our student loan calculator comes in.

Simply enter your expected loan balance, the interest rate, and the length of the loan, and our tool will calculate how much you’ll have to pay each month. You can also find out what your total payment will be. It’s that easy!

 

Federal Loan Type First Disbursed
between 7/1/13 – 6/30/14
Direct Subsidized Loans
(Undergraduate Students)
Fixed at 3.86%
Direct Unsubsidized Loans
(Undergraduate Students)
Fixed at 3.86%
Direct Unsubsidized Loans
(Graduate or Professional Students)
Fixed at 5.41%
Direct PLUS Loans
(Parents, Graduate, or Professional Students)
Fixed at 6.41%
Perkins Loans
(Undergraduate, Graduate, or Professional Students)
Fixed at 5%