Student loan calculator is a tool that allows you to compare different types of student loans and calculate their interest rates based on your income.
If you’ve been paying off your student loans for years and you’re now struggling to make payments, this is a good tool to have handy.
If not, you may want to consider one of the other calculator tools we’ve listed below.
The main differences between these calculators are the amount of interest and the interest rate.
Here are the main differences: Navient Student Loan Calculator Interest rate $0.99 per $1,000 in student loans 0% interest rate on first $3,000 (plus the $300 in taxes) $3.99 interest rate each $3 and $4,000 3% interest on each $4 million (plus $300) 5% interest per $6,000 $9.99 each $7.99 Interest rate on each loan for each $1 million (minus the $500 in taxes and fees) 9.99% interest (plus any other fees) Navient’s calculator is an excellent tool for those who are just beginning their education, as it will provide a very accurate and straightforward estimate of the amount you’ll owe over the next few years.
If, however, you have more than $20,000 you can get a more comprehensive estimate.
Navient will also give you the average interest rate that your loan is currently paying out on different loans.
However, there is no way to compare the interest rates between different types and loans.
Navients calculator includes a calculator for the Direct Loan program.
Direct Loan calculator includes the interest and loan amount for each student loan, which will help you determine which type of student loan you’ll be able to refinance into a better deal.
The Navient calculator includes an additional calculator for borrowers with incomes under $125,000.
You can see the interest on this student loan and the repayment schedule.
The default rate for this student loans is 6.84%.
Navient calculates the total loan amount based on the interest that you pay on each of the loans, plus any remaining payments and the total principal balance of the loan.
For example, if you paid $1.00 in interest on your first $100,000 of student debt, the interest would be $1 and the remaining payments would be 15.
The interest on a $5,000 loan would be 6.85%, but the remaining principal balance would be 17.55%.
If you pay $1 in interest and take out another loan of $5k, the remaining balance is 17.57% and the principal balance is 20.35%.
For more information on student loans see Student loans, debt, student loan repayments and repayment options.
If the interest is higher than 6.8% on a Direct Loan you will not be eligible for a refinance.
To get a better rate on your loan, check with your lender.
The repayment schedule can also be a helpful tool.
Navience offers a repayment schedule that includes the total amount you will pay over the course of the next three years, the percentage of that amount that will be forgiven and any additional repayment.
This can help you decide whether you want to refinish your loan or defer payments.
The student loan balance will include any remaining balance.
If there is a loan default, your student loan repayment will be deferred until you can pay off the remaining amount.
You also have the option to defer payments for up to 60 days, or to pay off your loan in full.
If payments are deferred, the loan balance is forgiven, but any remaining principal will be paid on a pro-rated basis.
The amount of any interest that is due to your loan may be deferred by paying off the entire balance of your loan within 60 days.
You will have a pro plan to pay this interest off and can decide if you want the deferral or whether to pay it off on a monthly basis.
You have the ability to cancel or postpone payments.
You do not have to pay any interest on the loan at the beginning of the repayment period, but you may have to wait for your payment to be processed.
Naviance offers a “pro-rate” option for borrowers that are already in the program, meaning that the interest will be calculated based on a percentage of the total interest paid on the loans.
For more details on this option, see Refinancing Student Loans.
Naviant has also added an option to add a deferral to your repayment.
If your deferral is paid in full, you will have up to 90 days to repay the loan, but the interest accrued during this period will be added to the balance of that loan.
To learn more about deferral options, see How to Refinance Student Loans and defer payment options.
Naviell Student Loan calculator provides the average loan amount per loan and a breakdown of the interest paid.
If both your monthly and annual payments are above the average, you can refinance your loan into