What is the average student loan payment per month
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Student loan interest calculator
Average student loan payment per year!
Student Loan Calculator
What you need to know for this calculator
To use the calculator above, you’ll need certain details about your loan.
Loan amount
Loan amounts vary depending on whether you’re exploring a federal or private student loan.
The loan amount you’re offered might also be limited based on your academic year (freshman, sophomore, etc.), level of education (undergraduate, graduate or professional), dependency status and degree.
Federal student loan amounts
Undergraduate students:
- Direct Subsidized Loans: Up to $5,500 annually.
- Direct Unsubsidized Loans: Up to $12,500 annually.
Graduate students:
- Direct Unsubsidized Loans: Up to $20,500 annually.
- Direct PLUS Loans: Up to the school’s reported cost of attendance, minus other financial aid received.
Parents of dependent undergraduate students:
- Parent PLUS loans: Up to the school’s reported cost of attendance, minus other financial aid received.
Private student loan amounts
Loan amounts for private student loans vary by lender.
Each lender also sets its own borrowing crit
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