Student Loan calculator
How much are you borrowing to go to college?
1
Financial advisers say student loan payments should be no more than 10% of your income.
The typical graduate borrowed $29,400 for a four-year degree and $57,600 for a graduate degree in 2012, according to the New America Foundation.
2
For your loan to be affordable, you should make at least a year.
Loan term
years
Interest rate*
%
Monthly payment*
3
Choose a profession to see what you'll actually make. earn a median salary of per year.
See how graduate school could affect your loans — and which degrees are worth the cost.
Want to learn more about repayment options for your federal loans? Use the student loan repayment calculator.
* Ten years is the standard loan repayment period. The fixed interest rate for undergraduate Stafford loans is 4.66 percent.
SOURCES: The Institute for College Access and Success, New America Foundation, Bureau of Labor Statistics' Occupational Employment and Wage Estimates.
GRAPHIC: Darla Cameron and Jonnelle Marte - The Washington Post. Published Oct. 15, 2014.
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