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.
The calculator above assumes that you will not make any loan payments until the grace period after your graduation expires.
Labels: debt management, education, tool
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:
ironman at politicalcalculations
Thanks in advance!
Closing values for previous trading day.
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