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Student Loan Calculator

Imagine you've just graduated from college. Do you know how much your monthly loan payment will be? This calculator will help you understand your student loan repayments in relation to your possible starting salary. Enter the amount(s) you have borrowed or expect to borrow for college, graduate, or professional school in the form below. Then, enter the amount you expect to earn when you graduate. Submit the form electronically to get an analysis of whether the amount you have borrowed or expect to borrow is manageable or potentially burdensome.

Do not use commas when entering dollar amounts (e.g. 2000 — not 2,000)

Future Plans

In what year do you expect to graduate from undergraduate or graduate/professional school (e.g. 2006)? You may enter a value other than the one shown.

$ Enter your estimated annual starting salary after graduation. You may enter a value other than the one shown.

Subsidized Federal Stafford (or Federal Direct) Student Loan Program

Enter student loan amount(s) you have borrowed or expect to borrow.

Subsidized Stafford Loans for Undergraduate School

$ for 1st college year (maximum allowed for dependent students = $2,625*)

$ for 2nd college year (maximum allowed for dependent students = $3,500*)

$ for 3rd college year (maximum allowed for dependent students = $5,500*)

$ for 4th college year (maximum allowed for dependent students = $5,500*)

$ for 5th (undergraduate) college year (maximum allowed for dependent students = $5,500*)

* Maximum total subsidized Stafford Loan for dependent students for all undergraduate years is $23,000.

Subsidized Stafford Loans for Graduate/Professional School

$ for 1st year of graduate or professional school (maximum allowed = $8,500 per year**)

$ for 2nd year of graduate or professional school (maximum allowed = $8,500**)

$ for 3rd year of graduate or professional school (maximum allowed = $8,500**)

$ for 4th year of graduate or professional school (maximum allowed = $8,500**)

$ for 5th year of graduate or professional school (maximum allowed = $8,500**)

** Maximum total subsidized Stafford Loan for all graduate/professional school years is $65,000. This graduate debt limit includes any Stafford loans received for undergraduate study.

Perkins Student Loan Program

Enter student loan amount(s) you have borrowed or expect to borrow.

Perkins Loans for Undergraduate School

$ for 1st college year (maximum allowed = $4,000*)

$ for 2nd college year (maximum allowed = $4,000*)

$ for 3rd college year (maximum allowed = $4,000*)

$ for 4th college year (maximum allowed = $4,000*)

$ for 5th (undergraduate) college year (maximum allowed = $4,000*)

* Maximum total for all undergraduate years is $20,000

Perkins Loans for Graduate/Professional School

$ for 1st year of graduate or professional school (maximum allowed = $6,000 per year**)

$ for 2nd year of graduate or professional school (maximum allowed = $6,000**)

$ for 3rd year of graduate or professional school (maximum allowed = $6,000**)

$ for 4th year of graduate or professional school (maximum allowed = $6,000**)

$ for 5th year of graduate or professional school (maximum allowed = $6,000**)

** Maximum total for all undergraduate and graduate/professional school years combined is $40,000.

Other Loans

Enter other loan amount(s) you have borrowed or expect to borrow.

Other Loans for Undergraduate School

$ for 1st college year

$ for 2nd college year

$ for 3rd college year

$ for 4th college year

$ for 5th (undergraduate) college year

Other Loans for Graduate/Professional School

$ for 1st year of graduate or professional school

$ for 2nd year of graduate or professional school

$ for 3rd year of graduate or professional school

$ for 4th year of graduate or professional school

$ for 5th year of graduate or professional school

Annual Interest Rate for Other Loans

% Annual interest rate for your Other Educational Loans. You may enter a value other than the one shown.