Enter the loan amount you are considering taking for an upcoming school year.
For a loan just entering repayment, the loan amount is the original principal loan amount and any capitalized and accrued interest, and all applicable fees.
Enter your estimated interest rate.
Please note that the calculator does not adjust for variable rates which may increase or decrease your monthly payment when the rate changes.
Current fixed interest rate for undergraduate Federal Direct Student Loans: 6.53%
The above rate for federal loans is for loans first disbursed on or after 7/1/2024 and before 7/1/2025. Loans taken out at a different time are likely to have a different rate.
Some loans, including private loans, may have variable rates (or a choice of fixed and variable rates) that change with a common index rate. Estimates are fine for this calculator.
On subsidized federal student loans, the federal government pays the interest while the student is in school. On most other loans, interest will accrue while the student is in school.
Complete the following steps to view your results:
Input Loan Amount
Input Interest Rate
Enter the loan amount you are considering taking for an upcoming school year.
For a loan just entering repayment, the loan amount is the original principal loan amount and any capitalized and accrued interest, and all applicable fees.
Enter your estimated interest rate.
Please note that the calculator does not adjust for variable rates which may increase or decrease your monthly payment when the rate changes.
Current fixed interest rate for undergraduate Federal Direct Student Loans: 6.53%
The above rate for federal loans is for loans first disbursed on or after 7/1/2024 and before 7/1/2025. Loans taken out at a different time are likely to have a different rate.
Some loans, including private loans, may have variable rates (or a choice of fixed and variable rates) that change with a common index rate. Estimates are fine for this calculator.
On subsidized federal student loans, the federal government pays the interest while the student is in school. On most other loans, interest will accrue while the student is in school.