Welcome to College Zone - Which Zone Are You In?Return Home
e-Messaging | Order Materials | Publications | Contact Us
  
StudentParentCounselorFinancial Aid AdministratorLenderEspañolState of Illinois
Resource Center 
 Scholarship Search
 Calculators
 Research & Statistics
 Public Agenda for Ill. Higher Education
Monthly Payment Estimates Calculator
This calculator estimates what the monthly payments may be once repayment of a Federal Stafford, Federal PLUS or alternative student loan begins.  It also provides estimated total interest costs associated with the loan.  These results can be helpful when deciding what’s a reasonable amount to borrow based on one’s ability to repay.

Yearly Interest Rate:
Stafford (current repayment rate is 6.80%)
PLUS (currently 8.50%)
Other: %

Principal Amount of Loan
(No commas)
dollars

The Monthly Payment Will Be
dollars

The Total Interest Cost Will Be
dollars

Disclaimer: Calculators are provided for reference only. Any rates and costs are subject to change without notice. The costs, rates or payment amounts provided from these calculators are not guaranteed.

Printable version
Printable version
Calculators
 EFC Calculator
 Loan Repayment Calculator
 Monthly Payment Estimates Calculator
 SLOPE Calculator
 Cost of Deferment/ Forbearance Calculator
 Consolidation Payment Calculator
 Graduated Payment Calculator
 Monthly Interest Estimates Calculator
 Mapping Your Future Calculators
 College Cost Calculator
 Future Savings Calculator
 Monthly Savings Calculator
 Return to Calculator Descriptions
      Partners of the College Zone Network:   | Prepaid Tuition | IDAPP |      
      About ISAC | Site Map | Your Privacy | Terms & ConditionsPowered by the Illinois Student Assistance Commission (ISAC)      
© 2003-2012 Illinois Student Assistance Commission