Update: Congress recently passed a law preventing further extensions of the federal student loan payment pause. Student loan interest will resume starting on Sept. 1, 2023, and payments will be due starting in October.
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Student Loan Calculator for Private Loans

Input your desired loan amount and expected months until graduation to see your estimated monthly payment based on your preferred term and repayment option. Please note, parent loans for college are only available in 5, 7, 10, and 15-year terms.

Fixed Rate Loans

Repayment Option: Immediate Repayment

Term Length 5 Years 7 Years 10 Years 15 Years
Monthly Payment Amount During Deferment Period N/A N/A N/A N/A
APR 4.48% - 9.57% 6.35% - 9.82% 8.10% - 10.08% 8.45% - 10.33%
Monthly Payment Amount During the Loan Term - - - -

Repayment Option: Interest Only

Term Length 5 Years 7 Years 10 Years 15 Years
Monthly Payment Amount During Deferment Period - - - -
APR 5.95% - 9.79% 7.05% - 9.99% 8.20% - 10.20% 8.50% - 10.40%
Monthly Payment Amount During the Loan Term - - - -

Repayment Option: Partial Payment

Term Length 5 Years 7 Years 10 Years 15 Years
Monthly Payment Amount During Deferment Period - - - -
APR 6.15% - 10.99% 7.15% - 11.49% 8.30% - 11.89% 8.60% - 12.14%
Monthly Payment Amount During the Loan Term - - - -

Repayment Option: Fully Deferred

Term Length 5 Years 7 Years 10 Years 15 Years
Monthly Payment Amount During Deferment Period - - - -
APR 7.74% - 11.14% 7.90% - 11.64% 8.40% - 12.04% 8.70% - 12.29%
Monthly Payment Amount During the Loan Term - - - -

Variable Rate Loans

Repayment Option: Immediate Repayment

Term Length 5 Years 7 Years 10 Years 15 Years
Monthly Payment Amount During Deferment Period N/A N/A N/A N/A
APR 4.98% - 10.07% 6.85% - 10.32% 8.60% - 10.58% 8.95% - 10.83%
Monthly Payment Amount During the Loan Term - - - -

Repayment Option: Interest Only

Term Length 5 Years 7 Years 10 Years 15 Years
Monthly Payment Amount During Deferment Period - - - -
APR 6.45% - 10.29% 7.55% - 10.49% 8.70% - 10.70% 9.00% - 10.90%
Monthly Payment Amount During the Loan Term - - - -

Repayment Option: Partial Payment

Term Length 5 Years 7 Years 10 Years 15 Years
Monthly Payment Amount During Deferment Period - - - -
APR 6.65% - 11.49% 7.65% - 11.99% 8.80% - 12.39% 9.10% - 12.64%
Monthly Payment Amount During the Loan Term - - - -

Repayment Option: Fully Deferred

Term Length 5 Years 7 Years 10 Years 15 Years
Monthly Payment Amount During Deferment Period - - - -
APR 8.24% - 11.64% 8.40% - 12.14% 8.90% - 12.54% 9.20% - 12.79%
Monthly Payment Amount During the Loan Term - - - -

Ready to apply?

Our online application process is simple, and it only takes a few minutes to see personalized rates.

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Private Student Loan Repayment Options

Immediate
  • Loan term starts upon disbursement of funds to the school.
  • Make principal and interest payments while attending school.
  • Full payment of interest and principal will begin 30 to 60 days following disbursement.
Interest Only
  • Make interest payments on the loan while attending school.
  • Continue interest payments during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.
Fixed
  • Make $25 payments while attending school.
  • Continue $25 payments during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period
Deferred
  • Student loans while in school require no payments on the loan.
  • No payments are required during the six month grace period.
  • Full payment of interest and principal will begin 30 to 60 days upon completion of the grace period.