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| Loan
Repayment Estimator |
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Before deciding on a particular loan, you may wish
to investigate projections of your loan repayment.
We recommend two loan repayment calculators; each
offers slightly different features. The calculator
on Finaid.org
allows you to determine the
total interest and monthly payment amounts of single
loans you are considering.
The calculator on
Salliemae.com
(look for the "Estimate your monthly loan payments"
link on the toolbar on the right side of the
webpage) allows you to calculate monthly
payment amounts for various repayment options on one
or more loans or loan types – i.e. federal and
private.
Please remember that Federal loan repayment rates
are variable, and that your rate, while capped, may
fluctuate from year to year in repayment.
Additionally, private loans may have various fees or
different interest rates based
on your credit history. The lowest rates published on
the lenders’ websites may not reflect your actual
rate when your application is processed. Please consult
with the lender about your cancellation rights if you change your mind after the loan has been
approved. |
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