Use this calculator to estimate monthly payments on a student loan and see the advantages of making payments while in school.
$
%
LendKey private student loans require either a $25 monthly Proactive Payment or a monthly Full Interest payment while the borrower is considered to be in school. This nominal payment helps the student build a positive credit history and minimize their payments over the life of the loan compared to deferring interest until after graduation.
Estimated Monthly Payment
Payment Type
Monthly Payment
Deferred Interest
---------
Proactive Payment
---------
Full Interest
---------
By making monthly payments while in school, you can save up to over the life of the loan.
Additional Details
Payment Type
In-School Payment
Total Interest in School
Total Loan After Grad
Monthly Payment
Total Interest
Total Payments
Deferred Interest
---------
---------
---------
---------
---------
---------
Proactive Payment
---------
---------
---------
---------
---------
---------
Full Interest
---------
---------
---------
---------
---------
---------
*This calculator assumes that the final year of school will be 9 months, and that the student makes minimum payments of $25 while in school, $50 after graduation