Student Loan Calculator
Calculate your ability to pay back student loans.
When you borrow money for college you might not be thinking about your ability to repay the loan once you graduate. Outstanding student loan balances may infringe upon your ability to qualify for a home, auto and other personal loans. Use our student loan calculator to help gauge the feasibility of your student loan repayment with your anticipated future income. The government provides a wealth of information on potential student loan debt based on program, career or location.
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- Anticipated annual income upon graduationThe gross annual salary you expect to earn the year you graduate from college.
- Original loan amountThe outstanding balance of the student loan upon graduation.
- Annual interest rateThe stated annual interest rate on the student loan.
- Initial payment period (months)The number of months that the student loan is amortized. Ten years equals 120 months.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.