Student Loan Calculator
Use our student loan calculator to estimate your student loan.
Want to borrow less?
Let's get started, you've got this.
Understanding Your Results
Based on how you adjust your loan variables, you’ll notice changes in how much you’ll pay each month, the amount of interest you’ll pay and how long you’ll need.
- Monthly payment: Once you start to pay back your student loan, this is the amount due each month. The longer the term, the lower your monthly payment but you’ll pay more overall.
- In School Payment: If you choose to make in-school payments, this is the monthly amount to pay while in school. Student loan repayment can be deferred until after graduation but making payments during school is a great way to reduce the total cost of your loan.
- Principal: The total amount you will borrow. As you make payments, you will start to pay down the principal amount of your loan, reducing the total interest that accrues each month.
- Total Interest: The total amount in interest you’ll pay on your loan.
Once you’ve experimented with your results, you can see if you prequalify specifically for a College Ave loan or learn more about shopping for student loans.
Footnotes
Calculations are estimates only. Your actual monthly payment amounts, interest rate, and payment schedule may vary from the results shown and will be based on terms in effect at the time your loan is approved. The interest rate for your loan may be based, in part, on whether you have a creditworthy cosigner. Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate. Your interest rate may be higher without a creditworthy cosigner.