Loan Repayment Calculator
SFA’s loan calculator helps students estimate the total cost of taking out a student loan. Simply input the loan amount ($), the length of the loan (months), and choose the loan type below.
A Simple Loan Calculator is available here. To estimate repayment of a Federal Direct Loan, please use the Department of Education’s calculator, here.
|
Enter Loan Amount Enter Loan Period
Input a rate of interest
(e.g., for 1%, enter .01)
Months until graduation
|
Estimated Interest
In Dollars Estimated Total Cost of Loan In Dollars Estimated Monthly Payment In Dollars Estimated Number of Payments
|