#College loan calculator how to#

The consolidated total will appear at the bottom of the page, along with your estimated monthly income after graduation.

This will help you consolidate your loans later on as well. In the main table at the bottom of the page, you can also organize all your lenders and see how much you actually owe. Multiply that number by the remaining loan balance to find out. You can see the data for your loans, such as the combined monthly payment and the percentage of your monthly income. To calculate the amortized rate, complete the following steps: Divide your interest rate by the number of payments you make per year. You can enter these two figures at the top of the page. This will include your estimated annual salary and the start date of your student loan payments. Next, follow the directions below to receive your estimate. To do this, you will need to click the link we have provided for you at the bottom of this page. The first step is to download the free template file to your computer.

#College loan calculator how to#

How to Download and Use the College Loan Payment Calculator Learn how to download the free template by reading the list of instructions given below. Many students dread graduating for this very reason but you’ll be two steps ahead of all your friends by using this free template. This will make it easier for you to start budgeting right away so you can pay off your student loans as soon as possible. This free document gives you all the tools necessary to estimate your monthly student loan payments based on your income and the amount you owe. If you’re worried about your future after graduation, the free College Loan Calculator is here to put your mind at ease.