Use this calculator to determine either the amount of money that will disburse based upon the amount borrowed, or the amount you need to borrow in order to have a specific amount of money disburse.  All loans included in this calculator carry a loan origination fee, noted in the tables below.  The loan origination fees listed here are valid for loans originated between October 1, 2019 and September 30, 2020.  Interest rates are valid on loans originated through June 30, 2020.

All amounts below are represented in U.S. dollars.

Using the Calculator

  1. Choose what type of borrower you are.
  2. Choose the type of loan you are considering.
  3. Choose whether to calculate either how much you need to borrow to get a certain amount, or how much you'll get by borrowing a set amount.  These are really two sides of the same coin, but we wanted to present both options to you.

To see a comprehensive view of all your federal student loans borrowed as of today, please visit

For all loans, the hypothetical amount requested in the calculator assumes a borrowing period including fall and spring.

What type of borrower are you?
Choose a loan type
I want to calculate the amount...
Amount Awarded
Fee Rate
Amount Received
Borrow Amount  
Amount Needed
Fee Rate
Request Amount
Repayment Amount
Repayment Term
Interest Rate
Monthly Payment
Total Interest Paid

Current Origination Fee Rates  
Direct Loan ...Loading
Parent PLUS/Grad PLUS Loan ...Loading
Institutional Loan ...Loading
Current Interest Rates  
Undergrad Sub/Unsub Direct Loan ...Loading
Graduate Unsub Direct Loan ...Loading
Parent PLUS/Grad PLUS Loan ...Loading
Institutional Loan ...Loading
*The origination fee is charged by the Department of Education for each federal student loan you receive. It is a percentage of the total loan amount you are borrowing (request/awarded amount). The loan fee is deducted proportionately from each disbursement of your loan. This reduces the actual loan amount you receive (needed/received amount). The specific loan fee that you are charged will be included in a disclosure statement you will receive after the first disbursement of your federal student loan. You will be required to repay the request/awarded amount.