Student Loan Payment Calculator
- August 14, 2018
- Posted by: Dave Rathmanner
- Category: Student Loans
So many students are told that student loans are “good debt,” and that they should not worry about taking out loans to pay for school. Well-meaning friends and family members will tell them interest rates are low and post-college salaries high, so monthly payments are no big deal. Then, it is a harsh wake-up call when, after graduation, people cannot afford rent, let alone their huge monthly loan payments. This student loan payment calculator will show you what your monthly payments will be or what they currently are.
Before taking out debt, it is important that you carefully think through your loans and how much you need. Will you only need federal student loans or will private student loans be necessary as well? What will your monthly payments will be after graduation?
This student loan payment calculator can help you calculate what your monthly payments will be. To get started with the payment calculator, you only need your loan amount, interest rate, and repayment term. The student loan payment calculator will return your monthly payment, how much in interest you can expect to pay over the life of your loan, and how much your loan will cost you in total.
If you are interested in seeing how much you can save by refinancing your student loans, check out our student loan refinance calculator. If you are wondering how much you could save by paying off your student loans early, check out our student loan prepayment & payoff calculator. Also, you can see all of our student loan calculators here.
Author: Dave Rathmanner
Student Loan Guides
Student Loan Reviews