Your Student Loan

If the combination of your savings for college, your scholarships and/or grants, and any income earned by yourself or others intended to help you pay for your higher educaton aren't enough to cover the costs of college, you might do what millions of other students have done - take out a student loan. That's why Political Calculations^(TM) has developed the following calculator for estimating what your payments might be for your student loan! Enter the indicated data in the table below, and click "Calculate" to get your estimated payment data - the calculator will automatically estimate your payment taking into account such factors as when you borrow the money, when you graduate, the grace period where your payments are deferred and whether or not your loan begins accumulating interest from the moment you receive the money (unsubsidized) or only when your payments begin (subsidized), as well as the interest rates for both periods.

Basic Loan Information
Input Data	Values
Amount Borrowed ($USD)
Annual Interest Rate (%)
Term of Loan (Years)
Frequency of Payments	Annual Semi-Annual Quarterly Monthly Bimonthly Biweekly Weekly
Reference Date Information
Date	Month Day, Year
Date Money Received from Loan	JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 , 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Date of Graduation	JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 , 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050
Student Loan Characteristics
Input Data	Values
Post Graduation Grace Period (Months)
Type of Student Loan	Subsidized Unsubsidized
Interest Rate when Payments Begin

Estimated Loan Payment Data
Calculated Results	Values ($USD)
Balance Due When Payments Begin
Payment Amount (Principal + Interest)
Estimated Date Information
Event	Date
First Payment Due
Final Payment Due
Estimated Totals for Life of Loan
Calculated Results	Values ($USD)
Total of Payments
Total Interest Paid

The calculator above assumes that you will not make any loan payments until the grace period after your graduation expires.