Student Loan Calculator
When borrowing for college, it is important to know if you are financially able to handle the monthly payments that are required to pay off the loan.When you borrow money for college, you’ll pay it back later, plus interest. This means you’ll actually pay back more than you initially borrowed. A higher interest rate and/or a longer loan term means your loan will cost you more overall.
Granite Edvance’s mission is to provide you with the best possible loan product to help you meet your goals. Since we’re a nonprofit, our loan products are often very competitive.
Use the Student Loan Calculator to figure out how much you may pay per month and in total. Plug in the amount of money you’re looking to borrow, your interest rate, and the length of your loan. Try different numbers to see how small changes can make a big difference!
Tip:
Try increasing the “Minimum Monthly Payment” value and recalculate to see what affect this increase has on the number of payments, and total interest paid over the life of the loan.
Student Loan Calculator
Calculated Results
Please note: Use of this calculator is subject to the Legal Notice section of the Privacy Policy.
Granite Edvance Loans
Ready to check your rate and apply for a loan? Granite Edvance is here to help.
