Loan Simulator helps you calculate student loan payments and choose a loan repayment option that best meets your needs and goals. You can also use it to decide whether to consolidate your student loans.
Let’s get started.
We will guide you through a series of questions based on your selection below.
I Want to Find the Best Student Loan Repayment Strategy
We will recommend a repayment plan based on your needs and goals and help you explore options like making extra payments, choosing income-driven repayment, or consolidating your loans.Log In and StartOr Start From Scratch
- See how you can lower your student loan payment.
- See how you can pay off your student loans faster.
- Decide whether to consolidate your student loans.
I’m Struggling With My Student Loan Payments
Decide whether you want to temporarily stop payments or lower your monthly payment instead.Log In and StartOr Start From Scratch
- Consider a new repayment plan instead of suspending payments.
- Find out about the impacts of suspending payments.
- Learn how to avoid loan default.
I Want to Simulate Borrowing More
Find out what happens when you borrow more money to pay for education expenses, returning to school, or finishing your studies later than expected.Log In and StartOr Start From Scratch
- Explore impacts when you borrow more student loans.
- Find out about federal student loan limits.
- See how your choice of school affects how much you may need to borrow.
How Accurate Is Loan Simulator?
To get the most realistic results, provide complete and accurate information when using Loan Simulator. Keep in mind, this tool can’t predict your future payments with 100% accuracy. In order to make these predictions, Loan Simulator makes several assumptions as it calculates monthly repayment amounts.
Important:
Results of Loan Simulator are for informational purposes only and should not be considered financial advice. You are encouraged to review all available options and make decisions about borrowing and repayment that align with your individual goals.