:: How Much Is My Future Payment? ::
How much will your student loan cost when repayment begins? Use this calculator to estimate your monthly payment.
* Your monthly payment may differ from the estimate provided by this calculator. The number of monthly payments is pre-set to 120 based on the standard 10-year repayment plan for student loans. The interest rate is pre-set to the current undergraduate unsubsidized Direct Loan rate of 5.5 percent. Student loans have different fixed or variable interest rates depending on the loan type and the date the loan was disbursed. Additional repayment plans could be available to you.
Managing Repayment
Remember, the best way to manage your repayment is to borrow only what you need to pay for school expenses. Keep in mind your starting salary when making your borrowing decisions. A good rule of thumb is to borrow no more than the annual salary you expect to earn during your first year after graduation. Learn more smart borrowing tips.
As you evaluate your borrowing each semester, be sure to check StudentAid.gov to keep track of how much you currently owe.
