Menu
urosantic8@gmail.com
March 14, 2022
Use the calculator below to figure out how much your monthly payments on a student loan might be.
You can also compare different interest rates, or figure out how much total interest you’ll pay.
Keep in mind that your income is not an asset and cannot be added to your net worth!
You can also compare different interest rates, or figure out how much total interest you’ll pay.
Keep in mind that the calculator does its math using a standard 10 year monthly plan.
If you’re not sure what you owe, reach out to your loan lender.
Enter the total you borrowed under loan amount, but keep in mind when entering that there’s a maximum of three loans per school year you can enter.
Which kind of federal loan is this?
Is it a subsidized federal loan? Or in other words, is the government paying the interest you accrue?
Or is it an unsubsidized federal loan? Where your interest is added to your monthly payments?
Your monthly bill amount is what you pay each month
The amount you borrowed is the total of all the loans you put in the calculator.
Your accrued interest while in school also includes the 6-month grace period after you graduate.
The total to repay is the amount you borrowed plus your interest.
There are a few ways you can save money when you have a student loan. You could start chipping away at your interest while in school, lowering your monthly bill after you graduate. You can also try claiming deductions when filing taxes! You’re entitled to some benefits there. While it doesn’t help interest from accruing, you could also extend your loan term to 20 or 25 years if you want a lower monthly payment.
Not everyone is lucky enough to have financial planners as parents, but that’s what Money Her Way is here for. We want to give every woman, no matter their age, the opportunity to take control of her finances.
