On this page, you can calculate estimated loan payments for your Educaid and other student loans. Knowing your monthly payment amount is an important component of effective financial budgeting, both during school and after. Be sure to send your student loan payments on time each month. The figures calculated below require some explanation.
Some student loans have variable interest rates, while others have fixed rates.
The calculated figures are based on current rates. Interest on student loans accrues daily. Please contact Educaid for exact payoff amounts and per diem rates. Overpayments you make will be refunded to you. Prepayment of principal, deferments, forbearances and many other factors may change this estimated payoff schedule.