Sad commentary on my professional life… I get excited (okay maybe even “giddy”)  every time I discover a new online calculator that helps make loan repayment more understandable and easy.   I collect calculators like other people collect  coins, stamps or sports memorabilia.  But the good news is that  I am now prepared to share the most price pieces of my  “loan repayment calculator” collection with you.

Here are some frequently asked questions or scenarios related to loan repayment and the links to online calculators that will help “estimate”  an  answer for you.  My one disclaimer … some of the sites are specific to individual companies or private enterprises . I am in no way endorsing these sites or companies above any other competing sites and companies.  I have just found the links below to be very useful in lifting the “veil of secrecy” from loan repayment.  Of course the most effective way to use these calculators is to also schedule an individual loan repayment counseling session with our office!

How much will I pay in loan repayment?
For Federal loans:
Federal Repayment Estimator Access Group Loan Calculator–
Access Group Loan Manager
For Private loans:
Wells Fargo Private Student Loan Calculator

Will I pay less if I consolidate?
Direct Loans Consolidation Calculator
FinAid Comparative Consolidation Calculator

Will I pay less if I refinance?
Citizens Bank Refinancing Calculator-
Student Loan Hero Refinancing Calculator–

How much interest will accrue if I take a deferment?
Nelnet “Cost of Postponing Your Payments” calculator 
Student Loan Hero Deferment Calculator- 

Will I earn enough to make my loan payments?
Paycheck City-Paycheck Calculator
Mapping Your Future Debt/Salary Wizard-
Studentloans.gov Financial Aid Counseling Tool–
iGrad “Will I Be Able to Pay Back  My Student Loans” calculator –

How much in addition to my monthly payment would I need to pay to pay off my loans in “X” years?
Student Loan Hero Prepayment Calculator-
Bankrate Loan Calculator and Amortization–

What would my loan balance be after making “X” number of payments?
DinkyTown Amortizing Loan Calculator –

Should I pay off my student loans or invest?
Student Loan Hero- Payoff VS Invest Calculator–
iGrad Pay Down Debt or Invest Calculator –