Loan
Payment Calculator
This Loan Payment Calculator computes an estimate of the size
of your monthly loan payments and the annual salary required
to manage them without too much financial difficulty. This
calculator can be used with Federal education loans (Stafford,
Perkins and PLUS) and most private education loans. This calculator
assumes that the interest rate remains constant throughout
the life of the loan. Many educational loan programs, including
the Stafford and PLUS loans, have variable interest rates.
We suggest you use the current maximum rates (8.25% for Stafford
and 9% for PLUS) to get a ceiling on the interest payments.
(Perkins loans have a fixed interest rate of 5%.)
Click
here to start the financial loan calculator