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 http://www.finaid.org/calculators/loanpayments.phtmlhere.
To estimate repayment of a Federal Direct Loan, please use the Department of Education’s calculator, https://studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.actionhere.
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Enter Loan Amount Enter Loan Period
Input a rate of interest
(e.g., for 1%, enter .01)
Months until graduation
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Estimated Interest
In Dollars Estimated Total Cost of Loan In Dollars Estimated Monthly Payment In Dollars Estimated Number of Payments
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