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EDvestinU® Student Loan Payment Calculator

Loan Dates

EDvestinU’s Student Loan Payment Calculator can help you estimate your private student loan rate, monthly payment amount, and total cost of loan. Get started by selecting your loan and expected college graduation dates.

Error: Must be after 10/2022 and before Graduation Date.
Error: Must be no larger than six years after loan Start Date.

Manage College Costs

As you consider options for managing your college costs, be sure to consult with the knowledgeable professionals in your financial aid office. Visit the financial aid section of your campus website to learn about tuition payment plans, scholarships, work–study opportunities and on–campus jobs.

Loan Amount

Before borrowing for college, it’s important to determine what your total expenses will be for tuition and fees, housing, meals, books, transportation and any other school–related expenses. Choose your loan amounts carefully and borrow only what’s needed to cover your required expenses. How much do you think you will need to borrow in private loans?

Error: Must contain a number greater than 0 and less than 1 million ($).

How Much Should I Borrow?

To determine the amount you'll need to borrow, begin with your billable costs and add in any expenses you anticipate for books and supplies. Subtract any federal loans, grants, or campus–based funding you have been awarded. Not sure what your billable costs will be? Speak with professionals in the financial aid office at your campus for assistance.


Consider applying with a cosigner to increase your chance of approval – especially if you have limited credit history. EDvestinU's private loan program offers a cosigner release1 after 36 months of consecutive on–time payments and meeting credit and income requirements. Will you have a cosigner?

Cosigner Tips

  • The cosigner doesn't have to be a parent. Any adult who meets the credit and citizenship requirements can be a cosigner.
  • The cosigner may be released from the loan after the first 36 consecutive monthly payments are made on time and the student borrower meets certain credit requirements.
  • In the event of the death of the student borrower, the loan can be forgiven and the cosigner won't be responsible for repayment.

Credit Score

EDvestinU relies in part on your credit score* or your cosigner’s (if applicable) to determine eligibility for private student loans. The higher your FICO® score, the lower your cost of borrowing. Rate your cosigner’s credit score?

About Your Credit Score

  • EDvestinU offers the most competitive rates to those borrowers and cosigners with strong credit scores.
  • Your payment history and how much you owe on credit make up 65% of your score. Length of credit history, types of accounts and recent activity make up the remaining 35%.
  • The best way to improve your credit score is to use loans and credit cards responsibly and make prompt payments.

Repayment Options

Which Repayment Plan is Right for You?

Offers parents and graduate students a low–cost alternative to the federal PLUS loan and is a great pay as you go option. This plan is ideal for working undergrad and graduate students who are looking to save while funding their higher education expenses.
Provides students with an affordable way to minimize interest expense after college. Perfect for parents, this plan allows parents the ability to contribute towards the cost of college without the commitment of monthly principal payments.
Offers parents and students seeking the most flexibility managing college costs. You can always reduce the overall cost of your loan by making additional payments when you have the extra cash. There is never a penalty for prepaying. Pay a lot or pay none while in–school. It's your choice.

Reduce Your Total Cost

The way you choose to repay your loan will impact the total amount you pay over time. If you aren't in a position to make immediate or interest–only payments, know that even occasional interest payments made while in school will help to lower the total cost.

Repayment Length

The EDvestinU Refinance Loan allows borrowers to choose either a 7, 10, or 15 year repayment length. A longer repayment term can mean lower monthly payments, but it often means you are paying more in the long run. Keep in mind, you always have the option of paying the loan off faster than your chosen repayment length and you'll never pay a penalty for doing so. In fact, we encourage it!

I would like a:

Reduce Your Total Cost

Choosing a shorter repayment term will result in less interest accruing on your loan, and will reduce your total cost. However, having a shorter repayment term can result in a higher monthly payment obligation. Be sure to choose what works best for you.

Thank you for using the EDvestinU Student Loan Payment Calculator. Below you'll see an estimate of your Annual Percentage Rate (APR) based on your self–reported credit score range and other factors. You'll also see how much you could be expected to repay on your education loans each month and the overall cost of borrowing. Hoping to reduce the cost of borrowing? By using Autopay1 to have your monthly payments automatically withdrawn from your bank account, you'll save an additional 0.50%.

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