Loan Repayment Calculators

Parents and students interested in calculating their monthly loan payment can generate an amortization schedule from a number of web sites.  Examples of these calculators can be found below.

 

1) FinAid.org website's Payment Calculator

2) Mapping Your Future Payment Calculator

3)Studentloans.gov Payment Calculator - Requires a Federal PIN to log in

 

 

The current Interest rates to use are:

Direct Student Loans - 6.8 percent
PLUS - 7.9 percent
Perkins Loans - 5 percent
Alternative Loans - Will vary according to loan taken out.

 

 









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