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Grace Period Calculator
If you have a federal Stafford loan, see how much you can save if you make monthly payments during your 6-month grace period. Any payments made during your grace period will lessen the total amount that you pay over the life of your loan.
Directions: Enter your information. Round up to the nearest dollar and don't use commas or symbols.
Helpful Tips
- Making even one payment during this time can save you money in the long run.
- Calculations are based on an average 10-year or 120-month repayment schedule.
- If the total paid is more than the amount of the loan, your savings will default to the total repayment schedule (120 months) and total interest.
- This calculator provides only estimates based on the information you enter.
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Helpful Hint
Don't know your loan details, such as your interest rate?
Check NSLDS.ed.gov to see a complete snapshot of your federal student aid. You will need your PIN to access this information.