Student Loan Calculator

Calculator Inputs

This calculator helps borrowers understand the financial commitments involved in a particular loan based on the initial amount of the loan, the interest rate and the loan term. By entering this information, you will receive an estimated monthly payment amount that you must pay each month in order to fully satisfy your loan.

When borrowing for college, it is important to know if you are financially able to handle the monthly payments that are required to pay off the loan within the term of the loan. This calculator allows you to determine what the minimum monthly payment will cost you.

Amount of Loan (Principal): must be greater than 0.
Annual Interest Rate: must be between 0 and 100.
Term of Loan: must be greater than 0.
Term of Loan: must be an integer.
Minimum Monthly Payment: cannot be negative

Amount of Loan (Principal):$
Annual Interest Rate:     %
Term of Loan:     years
Minimum Monthly Payment: $


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