Student Loan Calculator

repaying your loan

When considering a loan, it is important to understand the cost in repaying the amount borrowed. Loans accrue interest, and as time passes, the amount owed may be considerably more than what was borrowed.

The loan calculator helps to understand the repayment cost as a borrower. Please keep in mind, this is simply a tool to get a better sense of the full cost. After borrowing a loan, a loan servicer (an agency employed by the Department of Education to manage loans) will be assigned to the borrower to help manage the repayment of the loan(s). For additional information, please visit Student Aid Repayment.

Loan Details

Optional Second Loan

How to use the calculator