Private Student Loan Repayment Calculator
Part of including a private student loan in your financial aid package is knowing how to budget for your payments after you're done with school. To help students with this, we created a simple way to estimate your payments via our private student loan repayment calculator.
* Disclaimer: This calculator is provided for informational purposes only. Calculated results are based on many factors, including the assumptions provided by the user. We cannot and do not provide any guarantees, conditions or warranties as to result accuracy or applicability to the user's particular circumstances. It is the responsibility of the user to verify that all of the output and resulting calculations are correct. This calculator should not be used by anyone to make material financial decisions and should be used solely for informational purposes. Actual terms will be set by your lender or your school. We encourage any user to seek personalized advice from qualified professionals regarding all personal finance issues.
Managing Your Private Student Loan Repayment
When applying for a private student loan it is very important to consider your repayment options. Many borrowers are not aware of the different types of helpful budget-friendly repayment plans offered through their lender.
Learn more about private student loan repayment.
Know Your Credit Score
A private student loan is a credit-based loan. As such, it's important to know exactly where your credit stands, because it is a key factor in determining your interest rate for the loan. The higher your credit, the lower the interest rate and the smaller your monthly payments.
- Learn more about Private Student Loans and credit.
- Learn how you can improve your credit score.
- Don't have good credit? A cosigner can increase your chances of being approved for a Private Student Loan.