Loan Repayment Calculator
This calculator estimates what the monthly payments may be on a Federal Stafford, Federal Perkins or Federal PLUS Loan once repayment begins. The result can be helpful when deciding a reasonable amount to borrow, based on one's ability to repay.
The calculator is based on a standard repayment for the Federal Stafford Loan Program. Based on the amount borrowed, the minimum monthly payment for the Federal Stafford and Federal PLUS loans is $50; for the Federal Perkins Loan, it's $40.
Use whole dollar amounts, decimals accepted. All blanks are assumed to be zero (0).