Student Loan Debt/Salary Calculators

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.

How much should I borrow?

Advanced (adjust interest rate and repayment length)

> View current interest rates for federal student loans

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.

> Find tuition information for schools in your state


How much do I need to earn?

Advanced (adjust interest rate and repayment length)

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.