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
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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