These calculators provide estimated monthly loan payments for both subsidized and unsubsidized student loans. They are also helpful for showing the effects of graduated repayment options.
To calculate your Estimated Monthly Payment, Total Payments, and Total Interest Paid, complete the entries in either/both the sudsidized or/and unsubsidized education loan sections. If you would like to see the effects of graduated repayment on a Federal Consolidation Loan, use the "Unsubsidized Education/Federal Consolidation Loan" fields. Click the "Calculate Loan Repayment" button to calculate your monthly student loan payments.
To see the effects of graduated repayment, you can choose a graduated repayment plan below and see your monthly payments.
You can get a printout of this page for your records by using your browser's Print button.
These are estimated repayment amounts only. For actual repayment amounts and schedule of your student loan payments, contact your lender or servicer.
Amount Borrowed
Years to Repay Loan
Interest Rate (e.g., for 8.25%, enter 8.25)
Month in which loan was disbursed
Year in which loan was disbursed
Month in which you expect to graduate
Year in which you expect to graduate
Number of months of Deferment or Grace Period after graduation before loan repayment begins
Graduated Repayment is a loan repayment option that requires lower monthly payments at the beginning of repayment and gradually increases payments in one or more graduated increments during the repayment period.
To see the effects of choosing graduated repayment, choose either 2 Step or 3 Step from the drop down list below.
For the purposes of this calculator, "2 Step" begins with payments of interest only for the first two years, followed by interest and principal for the balance of the loan term. "3 Step" begins with payments of interest only for the first two years, followed by three years of payments of interest only and partial principal, then concluding with payments of interest and principal for the balance of the loan term.
Graduated Repayment Option
