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FinAid, Calculators, Loan Calculator, monthly loan payment calculator.#Monthly #loan #payment #calculator


monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculatorMonthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

Monthly loan payment calculator

This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans. (This student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.)

This loan calculator assumes that the interest rate remains constant throughout the life of the loan. The Federal Stafford Loan has a fixed interest rate of 6.8% and the Federal PLUS loan has a fixed rate of 7.9%. (Perkins loans have a fixed interest rate of 5%.)

This loan calculator also assumes that the loan will be repaid in equal monthly installments through standard loan amortization (i.e., standard or extended loan repayment). The results will not be accurate for some of the alternate repayment plans, such as graduated repayment and income contingent repayment.

Loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted.

Some educational loans have a minimum monthly payment. Please enter the appropriate figure ($50 for Stafford Loans, $40 for Perkins Loans and $50 for PLUS Loans) in the minimum payment field. Enter a higher figure to see how much money you can save by paying off your debt faster. It will also show you how long it will take to pay off the loan at the higher monthly payment. You can also calculate private student loan eligibility on comparison sites like Credible.

The questions concerning enrollment status, degree program and total years in college are optional and are designed to evaluate whether the total debt is excessive. The total years in college should include the total number of years in college so far (or projected) corresponding to the loan balance, including previous degrees received.


Car Loan Calculator – Loan Payment Estimator, car loan payment.#Car #loan #payment


car loan payment

Car loan payment

The first step is to enter the details of the proposed car loan in the fields to the left:

  • Vehicle Price – The price that you will pay for your vehicle
  • Down Payment – The amount of money that you will be putting down yourself on the car
  • Trade In – If you will be trading in your current car, put its expected value here
  • Owed on Trade – If you will be trading in and owe money on that vehicle, enter the amount here
  • Interest Rate – The interest rate that you will pay on the loan
  • Sales tax – The amount of sales tax levied in your area, this will be added to the vehicle price
  • Term (Months) – The number of months that your loan will run over, typical terms for a car loan are 36, 48 or 60 months
  • Start Date – This is the day that you sign your car loan contract, the first payment will come due one month later

Once you enter your details click “Calculate” and your loan information will be generated.

Understanding the Results

There are four main sections in the results:

Loan Summary

This section gives you a brief summary of the proposed auto loan which includes the expected monthly payment, the total cost of the loan, total interest paid over the life of the loan and the date that the loan will be paid off in full. If you are simply trying to determine the monthly payment then this section is all you will need.

Cost Breakdown Chart

This pie chart provides a visualization of the total costs showing both the principal and interest paid over the term of your contract.

Principal Balances Chart

This chart shows you the balance of your loan at the end of each month over the term. Hovering the mouse over the line will popup a tooltip with the exact balance amount.

Amortization Tables

The final section is the amortization tables, there are three tabs here, the first shows your car loan amortized yearly, the second shows the monthly amortization for people who need full details and the third provides some further information breaking down all of the costs individually.

Each row on these amortization tables gives you a snapshot of your loans position at the end of the specified year or month and tells you exactly how much principal and interest you would pay, and the remaining balance at that point in time.

Final Note

While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.


Student loans payment, student loans payment.#Student #loans #payment


A Look at the Shocking Student Loan Debt Statistics for 2017

Student loans payment

Updated: September 13, 2017

It s 2017 and Americans are more burdened by student loan debt than ever.

You ve probably heard the statistics: Americans owe over $1.45 trillion in student loan debt, spread out among about 44 million borrowers. That s about $620 billion more than the total U.S. credit card debt. In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year.

But how does this break down at a more granular level? Are student loans being used to attend public or private universities? Is it mostly from four-year or graduate degrees? What percentage of overall graduates carry debt? Are more grads utilizing private student loan consolidation and refinancing?

Let s take a look.

BONUS: Get a PDF of these statistics to print out, save, or send

General student loan debt facts

First, let’s start with a general picture of the student loan debt landscape. The most recent reports indicate there is:

  • $1.45 trillion in total U.S. student loan debt
  • 44.2 million Americans with student loan debt
  • Student loan delinquency rate of 11.2% (90+ days delinquent or in default)
  • Average monthly student loan payment (for borrower aged 20 to 30 years): $351
  • Median monthly student loan payment (for borrower aged 20 to 30 yea rs ): $203

Public Service Loan Forgiveness statistics

As of Q1, 2017 (latest available data)

PSLF Borrowers: 611,598*

* Total number of borrowers who have one or more approved PSLF Employment Certification Forms (ECF)

Note that borrowers are self-identified based on submission of an ECF.

Federal student loan portfolio

(updated for Q2, 2017)

Now let’s dive into how much debt student loan borrowers carry by loan type, term, and more.

Student loan debt statistics by loan program:

Student loan debt statistics by loan type:

Student debt statistics by loan status (Direct Loan Program)

Student loan statistics by repayment plan (Direct Loan Program)

Student loan debt by servicer

(updated for June 30, 2016)

Data Source: National Student Loan Data System

More shocking student loan debt statistics

If those numbers weren’t stunning enough, here’s a closer look at how students accumulate debt based on the type of school they attend.

In 2012, 71 percent of students graduating from four-year colleges had student loan debt:

  • Represents 1.3 million students graduating with debt, increase from 1.1 million in 2008
  • 66 percent of graduates from public colleges had loans (average debt of $25,550)
  • 75 percent of graduates from private nonprofit colleges had loans (average debt of $32,300)
  • 88 percent of graduates from for-profit colleges had loans (average debt of $39,950)

Twenty percent of 2012 graduate loans were private

Graduates who received Pell Grants were likely to borrow, and borrow more:

  • 88 percent of graduates who received Pell Grants had student loans in 2012, with an average balance of $31,200
  • 53 percent of those who didn’t receive a Pell Grant had student loan debt and borrowed $4,750 less ($26,450)

Private student loan debt statistics

  • Private student loan debt is on the rise; $6.2 billion was borrowed in 2012-2013, up from $5.5 billion in 2011-2012
  • From 2011-2012, borrowers didn’t take advantage of federal student loans as much as they could have: 19 percent didn’t take out Stafford loans, 8 percent didn’t apply for federal financial aid, 11 percent applied for federal aid but didn’t take out a Stafford loan, 28 percent had Stafford loans but borrowed less than they were eligible for
  • In 2011-2012, 48 percent of private loan borrowers attended schools that had tuition costs of $10,000 or less
  • Nearly 1.4 million undergraduates borrowed private loans in 2011-2012

Graduate student loan debt

About 40 percent of the $1 trillion student loan debt was used to finance graduate and professional degrees.

Combined undergraduate and graduate debt by degree:

  • MBA = $42,000 (11% of graduate degrees)
  • Master of Education = $50,879 (16%)
  • Master of Science = $50,400 (18%)
  • Master of Arts = $58,539 (8%)
  • Law = $140,616 (4%)
  • Medicine and health sciences = $161,772 (5%)

Clearly, as these student loan debt statistics show, the cost of attending college is becoming a growing burden for a huge portion of Americans.

What are you doing to pay off your debt and ensure you aren’t another statistic? Be sure to let us know how we can help.


Student loan payment calculator, student loan payment calculator.#Student #loan #payment #calculator


A Look at the Shocking Student Loan Debt Statistics for 2017

Student loan payment calculator

Updated: September 13, 2017

It s 2017 and Americans are more burdened by student loan debt than ever.

You ve probably heard the statistics: Americans owe over $1.45 trillion in student loan debt, spread out among about 44 million borrowers. That s about $620 billion more than the total U.S. credit card debt. In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year.

But how does this break down at a more granular level? Are student loans being used to attend public or private universities? Is it mostly from four-year or graduate degrees? What percentage of overall graduates carry debt? Are more grads utilizing private student loan consolidation and refinancing?

Let s take a look.

BONUS: Get a PDF of these statistics to print out, save, or send

General student loan debt facts

First, let’s start with a general picture of the student loan debt landscape. The most recent reports indicate there is:

  • $1.45 trillion in total U.S. student loan debt
  • 44.2 million Americans with student loan debt
  • Student loan delinquency rate of 11.2% (90+ days delinquent or in default)
  • Average monthly student loan payment (for borrower aged 20 to 30 years): $351
  • Median monthly student loan payment (for borrower aged 20 to 30 yea rs ): $203

Public Service Loan Forgiveness statistics

As of Q1, 2017 (latest available data)

PSLF Borrowers: 611,598*

* Total number of borrowers who have one or more approved PSLF Employment Certification Forms (ECF)

Note that borrowers are self-identified based on submission of an ECF.

Federal student loan portfolio

(updated for Q2, 2017)

Now let’s dive into how much debt student loan borrowers carry by loan type, term, and more.

Student loan debt statistics by loan program:

Student loan debt statistics by loan type:

Student debt statistics by loan status (Direct Loan Program)

Student loan statistics by repayment plan (Direct Loan Program)

Student loan debt by servicer

(updated for June 30, 2016)

Data Source: National Student Loan Data System

More shocking student loan debt statistics

If those numbers weren’t stunning enough, here’s a closer look at how students accumulate debt based on the type of school they attend.

In 2012, 71 percent of students graduating from four-year colleges had student loan debt:

  • Represents 1.3 million students graduating with debt, increase from 1.1 million in 2008
  • 66 percent of graduates from public colleges had loans (average debt of $25,550)
  • 75 percent of graduates from private nonprofit colleges had loans (average debt of $32,300)
  • 88 percent of graduates from for-profit colleges had loans (average debt of $39,950)

Twenty percent of 2012 graduate loans were private

Graduates who received Pell Grants were likely to borrow, and borrow more:

  • 88 percent of graduates who received Pell Grants had student loans in 2012, with an average balance of $31,200
  • 53 percent of those who didn’t receive a Pell Grant had student loan debt and borrowed $4,750 less ($26,450)

Private student loan debt statistics

  • Private student loan debt is on the rise; $6.2 billion was borrowed in 2012-2013, up from $5.5 billion in 2011-2012
  • From 2011-2012, borrowers didn’t take advantage of federal student loans as much as they could have: 19 percent didn’t take out Stafford loans, 8 percent didn’t apply for federal financial aid, 11 percent applied for federal aid but didn’t take out a Stafford loan, 28 percent had Stafford loans but borrowed less than they were eligible for
  • In 2011-2012, 48 percent of private loan borrowers attended schools that had tuition costs of $10,000 or less
  • Nearly 1.4 million undergraduates borrowed private loans in 2011-2012

Graduate student loan debt

About 40 percent of the $1 trillion student loan debt was used to finance graduate and professional degrees.

Combined undergraduate and graduate debt by degree:

  • MBA = $42,000 (11% of graduate degrees)
  • Master of Education = $50,879 (16%)
  • Master of Science = $50,400 (18%)
  • Master of Arts = $58,539 (8%)
  • Law = $140,616 (4%)
  • Medicine and health sciences = $161,772 (5%)

Clearly, as these student loan debt statistics show, the cost of attending college is becoming a growing burden for a huge portion of Americans.

What are you doing to pay off your debt and ensure you aren’t another statistic? Be sure to let us know how we can help.


What to Do When You Can t Afford Your Car Payment, monthly car payment.#Monthly #car #payment


I Can’t Afford My Payment! What Should I Do?

Monthly car payment

Monthly car payment

You may come to the realization that you cannot afford your car payment. This may be the result of a job loss or that you have determined that you want to buy a home. You may have written out your budget for the first time, and realized that you are spending too much on your car every month. You may have rolled your old car loan into a new one and driven up the cost of your car payment. If your finances change, you may be looking for a way to lower your car payment, but you need to be careful so you do not hurt your credit.

It is possible to lower the payment, but you will likely need to sell your current car and purchase a less expensive one.

Don t Turn the Car Over to the Bank

Once you have determined that you cannot afford your car you may be tempted to stop paying on it, and simply turn it back over to the bank. While this is an option, it is not a wise one. This will affect your credit negatively. Additionally this does not release you from all of the obligation on the loan. Once the bank sells the car you will end up owing the difference to the bank. The bank will come after you to make sure that they do not lose any money.

Don t Trade the Car Into the Dealer

You may decide to trade the car in for a less expensive one at the dealer. While this may lower you monthly payment, you will still have to pay back all of the money. The dealer will roll any excess that you owe on the loan into your next car loan.

This means that you will be upside down on your new car. Your payments may last a lot longer. However, it may be worth it if you can afford your car payment and pay your other bills.

Sell the Car Yourself

Your best option is to try to sell the car yourself and take out a personal loan to cover the difference in the amount you owe.

When you complete a private sell, you are able to get more for the car, than you would if you were going to sell it to a dealer. This is because you are cutting out the middleman. You may be wondering about taking out a loan in order to sell your car, but this will help you to reduce your overall debt. The interest rate on this loan will depend on your current credit score. A small bank or credit union will be more likely to issue you a personal unsecured loan at a good interest rate.

Buy a Cheap Car with Cash

When you decide to sell your current car, you will need to have enough money to pay off the remaining balance, and to be able to purchase a less expensive new car. If you are in a tight financial situation you may want to buy a car for around $1,000, because you can generally pay in cash and it frees up extra money to put towards paying the remaining balance of your car loan. Then you can save up cash to purchase a nicer used car, once you have cleaned up the financial mess you are currently in. when you buy an older car, you need to plan for extra car repairs with your emergency fund or a sinking fund. This will help you cover the costs without throwing of your attempt at clearing up the debt.

When you are looking for a car like this you will want to research the most reliable cars, and have a mechanic look over the car for you before you purchase it. You can find reliable cars at a $1,000, and most repairs are less than a car payment each month. Be sure to do your research, so you find a car that will fit your needs. You are looking more that the engine rather than the cosmetic appearance of the car. Also if you are going to be commuting look for a smaller car versus a larger SUV, which will allow you to save on fuel costs. This will give you more money to put on getting out of debt.


Car Loan Calculator – Loan Payment Estimator, auto loan payment calculator.#Auto #loan #payment #calculator


auto loan payment calculator

Auto loan payment calculator

The first step is to enter the details of the proposed car loan in the fields to the left:

  • Vehicle Price – The price that you will pay for your vehicle
  • Down Payment – The amount of money that you will be putting down yourself on the car
  • Trade In – If you will be trading in your current car, put its expected value here
  • Owed on Trade – If you will be trading in and owe money on that vehicle, enter the amount here
  • Interest Rate – The interest rate that you will pay on the loan
  • Sales tax – The amount of sales tax levied in your area, this will be added to the vehicle price
  • Term (Months) – The number of months that your loan will run over, typical terms for a car loan are 36, 48 or 60 months
  • Start Date – This is the day that you sign your car loan contract, the first payment will come due one month later

Once you enter your details click “Calculate” and your loan information will be generated.

Understanding the Results

There are four main sections in the results:

Loan Summary

This section gives you a brief summary of the proposed auto loan which includes the expected monthly payment, the total cost of the loan, total interest paid over the life of the loan and the date that the loan will be paid off in full. If you are simply trying to determine the monthly payment then this section is all you will need.

Cost Breakdown Chart

This pie chart provides a visualization of the total costs showing both the principal and interest paid over the term of your contract.

Principal Balances Chart

This chart shows you the balance of your loan at the end of each month over the term. Hovering the mouse over the line will popup a tooltip with the exact balance amount.

Amortization Tables

The final section is the amortization tables, there are three tabs here, the first shows your car loan amortized yearly, the second shows the monthly amortization for people who need full details and the third provides some further information breaking down all of the costs individually.

Each row on these amortization tables gives you a snapshot of your loans position at the end of the specified year or month and tells you exactly how much principal and interest you would pay, and the remaining balance at that point in time.

Final Note

While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.


Car Loan Calculator – Loan Payment Estimator, loan payment calculator.#Loan #payment #calculator


loan payment calculator

Loan payment calculator

The first step is to enter the details of the proposed car loan in the fields to the left:

  • Vehicle Price – The price that you will pay for your vehicle
  • Down Payment – The amount of money that you will be putting down yourself on the car
  • Trade In – If you will be trading in your current car, put its expected value here
  • Owed on Trade – If you will be trading in and owe money on that vehicle, enter the amount here
  • Interest Rate – The interest rate that you will pay on the loan
  • Sales tax – The amount of sales tax levied in your area, this will be added to the vehicle price
  • Term (Months) – The number of months that your loan will run over, typical terms for a car loan are 36, 48 or 60 months
  • Start Date – This is the day that you sign your car loan contract, the first payment will come due one month later

Once you enter your details click “Calculate” and your loan information will be generated.

Understanding the Results

There are four main sections in the results:

Loan Summary

This section gives you a brief summary of the proposed auto loan which includes the expected monthly payment, the total cost of the loan, total interest paid over the life of the loan and the date that the loan will be paid off in full. If you are simply trying to determine the monthly payment then this section is all you will need.

Cost Breakdown Chart

This pie chart provides a visualization of the total costs showing both the principal and interest paid over the term of your contract.

Principal Balances Chart

This chart shows you the balance of your loan at the end of each month over the term. Hovering the mouse over the line will popup a tooltip with the exact balance amount.

Amortization Tables

The final section is the amortization tables, there are three tabs here, the first shows your car loan amortized yearly, the second shows the monthly amortization for people who need full details and the third provides some further information breaking down all of the costs individually.

Each row on these amortization tables gives you a snapshot of your loans position at the end of the specified year or month and tells you exactly how much principal and interest you would pay, and the remaining balance at that point in time.

Final Note

While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.


Financial Calculator, Free Online Calculators from, calculate car payment.#Calculate #car #payment


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Mortgage Payment Calculator, CNNMoney, payment calculator.#Payment #calculator


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  • Car Loan Calculator – Loan Payment Estimator, payment calculator car.#Payment #calculator #car


    payment calculator car

    Payment calculator car

    The first step is to enter the details of the proposed car loan in the fields to the left:

    • Vehicle Price – The price that you will pay for your vehicle
    • Down Payment – The amount of money that you will be putting down yourself on the car
    • Trade In – If you will be trading in your current car, put its expected value here
    • Owed on Trade – If you will be trading in and owe money on that vehicle, enter the amount here
    • Interest Rate – The interest rate that you will pay on the loan
    • Sales tax – The amount of sales tax levied in your area, this will be added to the vehicle price
    • Term (Months) – The number of months that your loan will run over, typical terms for a car loan are 36, 48 or 60 months
    • Start Date – This is the day that you sign your car loan contract, the first payment will come due one month later

    Once you enter your details click “Calculate” and your loan information will be generated.

    Understanding the Results

    There are four main sections in the results:

    Loan Summary

    This section gives you a brief summary of the proposed auto loan which includes the expected monthly payment, the total cost of the loan, total interest paid over the life of the loan and the date that the loan will be paid off in full. If you are simply trying to determine the monthly payment then this section is all you will need.

    Cost Breakdown Chart

    This pie chart provides a visualization of the total costs showing both the principal and interest paid over the term of your contract.

    Principal Balances Chart

    This chart shows you the balance of your loan at the end of each month over the term. Hovering the mouse over the line will popup a tooltip with the exact balance amount.

    Amortization Tables

    The final section is the amortization tables, there are three tabs here, the first shows your car loan amortized yearly, the second shows the monthly amortization for people who need full details and the third provides some further information breaking down all of the costs individually.

    Each row on these amortization tables gives you a snapshot of your loans position at the end of the specified year or month and tells you exactly how much principal and interest you would pay, and the remaining balance at that point in time.

    Final Note

    While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.