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Estimate your student loan
payments under a standard repayment plan (equal payments) using the
calculator below.
- This is only an estimate!
Your actual payment amount is determined by the amount that
you borrowed.
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- However, most student
loan programs require at least a £50 payment each month, no
matter how small your loan amount.
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- Your interest rate depends
on your loan type and when you received the loan.
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- The calculator is preset
to 120 months and an interest rate of 6.8 percent. You may
adjust these.
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- It is recommended that
your student loan payment be less than 8 percent of your
gross income. The minimum salary field is based on this
recommendation.
Enter your Number of Monthly Payments, Simple
Interest Rate, and Principal Amount of Loan.
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