The College Investor

Millennial Personal Finance and Investing Blog

Home » Student Loan Calculator

Student Loan Calculator

Last Updated On

This article contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

When looking at the total cost of your student loans, there are many factors to consider. Most student loan calculators assume that the loan will be repaid in equal monthly installments through standard amortization. Therefore, the results are not accurate for some alternate repayment plans, such as graduated repayment, or income contingent repayment.

It is important to note that some loans also have a minimum monthly payment requirement. For example:
– $50 for Stafford Loans
– $40 for Perkins Loans Click here to find the right student loan for you!
– $50 for PLUS Loans

Here are some of the best student loan calculators available:

FinAid Student Loan Calculator

College Board Student Loan Calculator

Be sure to take out your student loan money wisely!

Filed Under: Spending Tagged With: , , ,
Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.

Comment Policy: We invite readers to respond with questions or comments. Comments may be held for moderation and are subject to approval. Comments are solely the opinions of their authors'. The responses in the comments below are not provided or commissioned by any advertiser. Responses have not been reviewed, approved or otherwise endorsed by any company. It is not anyone's responsibility to ensure all posts and/or questions are answered.