Question 1

Does this include interest accrual during school or deferment?

Accepted Answer

This estimator focuses on fixed repayment amortization. For deferment capitalization scenarios, you may need to model interest accrual separately before repayment begins.

Question 2

How accurate is the estimate?

Accepted Answer

For fixed-rate loans, results are typically close. Actual schedules can vary based on day counts, rounding, and whether additional fees are present.

Question 3

Can I use it for refinance planning?

Accepted Answer

Yes. If you refinance to a new APR and term, rerun the calculator with those values to compare payment and total interest.

Student Loan Calculator

Related calculators