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Interest Savings Calculator
If you have an unsubsidized loan, see how much you could save if you pay the interest on your loan while you are in school.
Directions: Enter your information. Round up to the nearest dollar and don't use commas or symbols.
Loan Amount
Interest Rate
Payment Period
$
%
Months
$
%
Months
$
%
Months
$
%
Months
$
%
Months
$
%
Months
$
%
Months
$
%
Months
$
If You Don't Pay Interest During School
$
$
$
If You Do Pay Interest During School
$
$
$
Savings
$
$
$
Helpful Tips
- Making even one interest payment during school can save you money in the long run.
- Calculations are based on 4 years of schooling and, unless you change the payment period, an average 10-year or 120-month repayment schedule.
- This calculator provides only estimates based on the information you enter.
Supporting Content
Other Calculators
- College Cost Calculator
- Budget Calculator
- Debt Repayment Calculator
- Loan Repayment Calculator
- Grace Period Calculator
Helpful Hint
Don't know your loan details, such as your interest rate?
Check StudentAid.gov to see a complete snapshot of your federal student aid. You will need your federal ID to access this information.