The Federal Stafford Loan is the most popular education loan for undergraduates and graduate students.
Knowing your monthly payment amount is an important component of effective financial budgeting, both during school and after. Use the form below to calculate your estimated* payments for your student loans.
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*All payment estimates are for comparison purposes only and do not include capitalization of outstanding interest. Actual monthly payments may vary. Payment amounts assume a standard repayment plan with even monthly payments. Choosing another repayment plan may affect the length of your repayment period and your monthly payment amount. Note that Stafford Loans disbursed after 7/1/06 come with a fixed interest rate of 6.8%. Subsidized Stafford Loans for undergraduate students disbursed on or after 7/1/08 come with a reduced fixed rate of 6.0%. The fixed rate is 5.6% if disbursed on or after 7/1/09; 4.5% if disbursed on or after 7/1/10; 3.4% if disbursed on or after 7/1/11; 6.8% if disbursed on or after 7/1/12. Stafford Loans disbursed prior to 7/1/06 come with a variable interest rate that is adjusted annually each July 1. Interest rate changes, payment schedules, periods of deferments and forbearance, as well as other factors may affect the length of your repayment period and your monthly payment amount.
