Thursday, March 18, 2010, 4:54PM ET - U.S. Markets Closed.

Family & Home

Feasibility of Student Loan Repayment

Fair (1154 Ratings)

1.584932/5

When you borrow money for college you might not be thinkng about your ability to repay the loan once you graduate. Outstanding student loan balances may infringe upon your ability to qualify for a home, auto and other personal loans. Use this tool to help gauge the feasibility of servicing your debt payments with your anticipated future income.

Assumptions	Input
Anticipated annual income upon graduation	(0-9999999)$
Original loan amount	(0-9999999)$
Annual interest rate	(0-30)%
Initial payment period (months)	(1-480)

See All Calculators

Assumptions	Input
Anticipated annual income upon graduation
Original loan amount
Annual interest rate
Initial payment period (months)

See All Calculators

{ "fields" : { "udata" : [ "expectedIncome" , "loanAmount" , "interestRate" , "termMonths" ] } }

Powered By

This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.

Rate This calculator

Fair (1154 Ratings)

1.5/5

Sign-in to rate!

Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.05%	5.01%
  15 Year Fixed	4.36%	4.36%
  1 Year ARM	3.30%	3.27%
  30 Year Fixed Jumbo	5.82%	5.82%
  5/1 ARM	3.91%	3.93%
  3/1 ARM	4.41%	4.40%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	7.82%	7.81%
  $50K Home Equity Loan	7.71%	7.69%
  $75K Home Equity Loan	7.73%	7.71%
  $30K HELOC	5.13%	5.12%
  $50K HELOC	4.85%	4.85%
  $75K HELOC	4.86%	4.86%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	0.80%	0.80%
  1 year CD	1.18%	1.21%
  3 year CD	1.98%	1.97%
  MMA	0.81%	0.81%
  $10K MMA	0.91%	0.91%
  $25K MMA	1.07%	1.08%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.46%	6.44%
  48 Month New Car Loan	6.58%	6.58%
  60 Month New Car Loan	6.63%	6.63%
  72 Month New Car Loan	5.07%	5.07%
  36 Month Used Car Loan	6.89%	6.86%
  48 Month Used Car Loan	6.70%	6.71%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Business Credit Cards	12.20%	12.20%
  Low Interest Credit Cards	12.24%	12.41%
  Cash Back Credit Cards	12.53%	12.72%
  Balance Transfer Credit Cards	12.77%	12.88%
  Student Credit Cards	14.10%	14.35%
  Airline Credit Cards	14.43%	14.43%

  Source: CreditCards.com

View rates in your area

Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.

Yahoo! Answers is provided for informational purposes only, and no Q&A is intended for trading or investing purposes. Yahoo! shall not be responsible or liable for the accuracy, usefulness or availability of any Q&A information, and shall not be responsible or liable for any trading or investment decisions based on such information. View Complete Answers Disclaimer.