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Use the online calculators below to help determine your future monthly payments for your Direct student, Direct PLUS, and private loans.
Determine your monthly payments on your Direct student and Parent PLUS loans.
Determine your monthly payments on your private alternative loan. Enter the number of monthly payments (loan term), the interest rate, and the principal (amount of loan). This site limits the interest at 9.00%. If your interest rate is higher than 9.00% use one of the above calculators to determine your monthly payment. Check with your private loan lender to see what loan term options are available to you. Terms are usually 10, 15, 20, 25, or 30 years, depending on the loan and lender. Private loan interest rates are usually variable rates, so they change every month, every three months, or every year.