When considering the amount of student loan debt you are willing to take on, think about how much you can expect to make after graduation. Will that be enough to cover basic expenses plus the student loan payments?

The calculators below are based on the recommendation that student loan payments be no more than 8% of your gross earnings. Enter your expected salary in the first calculator to determine the maximum student loan amount you should borrow. In the second calculator, you can enter the amount of student loan debt you expect to borrow to determine the minimum salary that you will need to make in order to pay back the loans.

Salary:

How much do you plan to make?

$

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Advanced (adjust interest rate and repayment length)

Interest Rate:

What is your expected interest rate?

%

Repayment Period:

How many years do you expect to be repaying your loans?

years

Recommended monthly payments should be no more than $ *

Based on the recommendation that student loan payments be no more than 8% of your gross earnings, you should borrow no more than $ *

* Note that your salary will also need to cover living expenses in addition to student loan payments. A simple budget calculator can help you to look at the big picture.

Debt:

What is the total of all your student loan debt (current and future)?

$

Advanced (adjust interest rate and repayment length)

Interest Rate:

What is the average interest rate of your student loans?

%

Repayment Period:

How many years do you have remaining to repay your loans?

years

Based on the recommendation that student loan payments be no more than 8% of your gross earnings, your minimum salary would need to be $ *

* Note that you will also need to consider living expenses when determining your required salary. A simple budget calculator can help you to look at the big picture.