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Calculate Monthly Loan Payments

If you are thinking about borrowing to pay for college, this calculator can provide you an estimate of what your monthly payments could be based on figures you input below.

Many students choose to borrow each year to help cover tuition and other expenses. If you are borrowing for a one-time expense, select the "one-time" option below. For the most accurate calculation, change "years in school" to match your remaining years in school.

Loan Details

Loan Amount: $ ,
Interest Rate (APR): . %
I will borrow:  Every year     One time
Years in School:   Years
Repayment Option: *
Pay Over:   Years

*About Repayment Options

Your Repayment Option can have a significant impact on the total cost of your loan. Here's how we use Repayment Option in this calculator:

  • Full Deferment: You pay no loan principal or interest while in school, including a six-month grace period after leaving school.
  • Interest Only: You pay your loan's interest while in school and during a six-month grace period, meaning your payments and total loan cost will be lower than Full Deferment.
  • Immediate Repayment: You begin to repay your loan(s) as soon as they are disbursed. This option offers the lowest total cost.

The accuracy of this calculator is not guaranteed by any party and is intended for educational purposes only. The calculator displayed does not constitute the advice of, or reflect actual products, services, rates and/or terms available from PNC Bank or its affiliates and nothing contained in the calculator shall constitute an offer or solicitation of a product or service by PNC Bank or its affiliates.

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You are encouraged to explore all scholarship, grant and federal borrowing options before applying for a private loan.

PNC does not provide accounting, tax or legal advice.