Advertiser disclosure
Loan Payoff Calculator

Loan Payoff Calculator

Calculate your monthly loan payment for a given term or how long it will take you to repay a loan with a given monthly payment.

Student loan grace period vs deferment vs forbearance

Grace periods are the time between graduation and when you need to start making payments on your student loans. Deferment allows you to stop making payments so you can return to school. Forbearance stops the payment requirement due to hardship. But caution is needed when using each of these options. Interest is most likely accruing while you are not making payments.

How do student loans work?

Student loans make college — and, increasingly, a middle-class life — attainable. But you should fully understand how student loans work before taking them out.