Monthly Loan Repayment Calculator

Instructions: Enter amounts into the first three boxes below (outlined in orange) and then hit Calculate Payment to estimate your monthly payment. Next to each field are helpful tips to assist you. The Clear button clears values.

Amount Borrowed
Repayment Years
  • 10 years is standard and has been pre-populated; revise as needed
  • Review other repayment plans at StudentAid.Gov
Interest Rate
  • A 5% rate has been pre-populated.
  • Review historical interest rates to estimate yours and change the 5% as needed.
  • Review NSLDS to view your actual interest rates.
Monthly Payment
  • Your actual payment may be higher or lower.
© Christine Auman

Other Tips