Unexpectedly Intriguing!
July 6, 2005

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
Reference Date Information
Date Month Day, Year
Date Money Received from Loan ,
Date of Graduation ,
Student Loan Characteristics
Input Data Values
Post Graduation Grace Period (Months)
Type of Student Loan
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.

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Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

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Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.