Student Loan Calculator
Understanding Student Loans
Student loans have a grace period after graduation before repayment begins. Interest accrues during this period and is added to the principal. Federal loans offer income-driven repayment options.
Key Terms
- Grace Period: Time before repayment starts
- Subsidized: Government pays interest while in school
- Unsubsidized: Interest accrues immediately
💡 Tips
- Subsidized loans save money
- Grace period interest adds to balance
- Income-driven plans reduce payments
- Consider PSLF for public service