The MPOWER loan calculator is your go-to simple tool for understanding your estimated monthly payments with just a few clicks. You can:
1. Choose your loan amount up to MPOWER’s $100,000 limit
2. Toggle the repayment term up to 10 years, to figure out a plan that works for you and your financial goals.
3. Toggle the interest rate to see how it affects your monthly payments.
4. Get estimates for both your in-school interest-only payments and your principal + interest payments.
Try it now and see what your repayment journey could look like.
Additional details:
- While you're in school, you'll only make interest-only payments on your loan.
- After graduation, you’ll have a 6-month period of interest-only payments, giving you time to settle in before principal + interest payments begin.
