The Best Student Loan Calculators

 

Whether you're choosing a college or already making payments on your student loans, there's an online calculator that can help you make financially sound decisions.

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If you're facing a question about your student loans, chances are there's a good calculator to help you get your answers.

I have my heart set on a particular college. How much student loan debt can I expect to have when I graduate?

The New York Times offers a calculator to help you plan for the debt burden at various colleges and universities across the U.S.

What's the best way to pay off my student loans?

For help with this question, we recommend you gather up a list of your loans and your current monthly payment amounts and head to the Repay Student Debt calculator offered by the Consumer Financial Protection Bureau (CFPB).

Whether you have federal student loans, private loans, or both, this calculator will point you in the right repayment direction.

You can also use the Federal Student Aid Repayment Estimator to easily compare monthly and overall payment amounts for different federal loan repayment options. You can sign in to base the calculations on actual information about your loans or you can use the calculator without signing in, by providing your own estimates about loan types, balances, and income. 

How much can I save if I add just $10 or $20 to my monthly student loan payment?

EdFinancial Services has this one covered. You can use their Loan Repayment Calculator to learn how quickly you can pay off your loans -- and how much interest you can save -- by increasing your student loan payments each month.

If I defer paying interest on a loan, how much will it cost me in the long run?

You can use FinAid's Cost of Interest Capitalization Calculator to learn the true costs of postponing interest payments on your student loans.

If I consolidate my student loans, what will my new interest rate be?

There are many things to consider when deciding whether or not to consolidate your student loans; one the most important is how it will affect your interest rate. The FinAid Loan Consolidation Calculator can tell you what you need to know.

How do I file a student loan complaint?

Again, the Consumer Financial Protection Bureau comes to the rescue with this interactive system that allows you to file and track a complaint about a federal or private student loan servicer.

What will it cost if I default on my student loans?

One of the worst consequences of defaulting on a student loan is how much you'll pay when you eventually come out of default and start paying again. FinAid's Loan Default Calculator can help you figure out what you owe -- or perhaps alarm you into doing all you can to avoid default in the first place.

More questions? More calculators!

FinAid offers dozens of calculators to help you manage your student loans, from deciding how much to borrow to analyzing individual repayment plans to anticipating the costs of student loan collection actions. To find these tools, visit FinAid Calculators.


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Jurisdictional relevance: US

Legal Consumer - North CarolinaLaw. The content of this article pertains to all US states and counties.