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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 assume, 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
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.