Stafford Loan Repayment Calculator

Education loans are one of the best investments a person can make. A college education opens doors to many more opportunities than a high school diploma. However, loans must be repaid, usually with interest. It is very important to borrow only the funds you need to get through school.

To see how a loan repayment will impact your monthly budget, enter the loan amount you are considering, the appropriate interest rate, and either a monthly payment or number of months for your repayment period. (Depending on your loan amount, Stafford loans normally have repayment periods up to 10 years.) To calculate another possible amount click "Clear" to remove the previous information, then start again.
Stafford Loan
Standard Payment*
Amount to be Borrowed
Interest Rate*
Loan to be repaid
Monthly Payments
Months to Repay
Total Interest Paid
Total Loan Repayment**
**The above calculation assumes a 10-year repayment period. You save interest by repaying your loan faster. If you are calculating payment for a fairly small loan, the calculations above may not reflect the minimum monthly payment of $50 required in the Stafford Loan Program.
The interest on Subsidized Stafford Loans is fixed, but will vary based on the date the loan is made. Review the interest rate table to find the rate that applies to your loan. All Unsubsidized Stafford Loans have a fixed rate of 6.8%.