Student Loan Calculator

Use the calculator below to get an estimate of what your future monthly payments would be for your federal student loans, including Stafford and PLUS loans. The actual amount that your loan holder calculates may vary.

Student loan repayment periods typically last 120 months (10 years), and interest rates vary depending on the loan type and when you received the loan. Most federal student loans require minimum monthly payments of $50.

The calculator is preset to 120 months and the new fixed interest rate of 6.8 percent. If your loan package differs, you may wish to adjust these numbers.

The minimum annual salary calculation is based on the financial aid industry recommendation that student loan payments not exceed 8 percent of your gross income. The calculation does not consider high credit card debt or other unsecured debt.