How to Calculate How Long I Will Have to Repay My Student Loan

When students graduate from college, one of their first worries is paying back the large amounts of student loans. Most loans have specific periods of time in which you have to pay them back. Here are some ways to determine how to calculate a student loan repayment period.

Things You'll Need

  • loan information
  • lender statements
  • loan documentation
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Instructions

    • 1

      Gather the documentation of all your loans. If some are missing, contact the lender to reissue a statement.

    • 2

      Find the total of all your loans. Double check to make sure this includes everything.

    • 3

      Calculate yearly loan payments. Take the overall total of your loans and multiply it by your interest rate.

    • 4

      Divide your yearly amount by 12 to find your monthly payments.

    • 5

      Look into loan repayment plans. They include the income contingent plan, standard plan, extended plan and graduated plan.

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