excel graduated repayment plan student loan calculator

Your next step is reviewing potential repayment plans.

Once you’ve reviewed your loans, you can make a plan for paying them back. (It’s possible the company you originally borrowed from sold your loan or changed servicers.) If you’re not sure of your servicer, order a free copy of your credit report to review your accounts. While there’s no centralized dashboard for private student loans, you can find the details of your loans by signing into your online account with your lender or loan servicers. If you’re a recent graduate approaching the end of your student loan grace period, for example, you may need to swap out your college email address for your personal one. Make sure your loan servicers have your most recent contact information, too, so you don’t miss any important communications. Who your loan servicers are (they may have changed since you last checked).What types of loans you owe (for example, Direct subsidized loans, Direct unsubsidized loans or Grad Plus loans).How much you owe on your federal student loans.Sign into your Federal Student Aid account and find out the following:

Getting organized is easier said than done, but here’s exactly how to get started. “The first step is to simply get organized with your student loans,” says Robert Farrington, student loan expert and founder of the College Investor, a site that provides investing and personal finance advice for millennials. You might not have checked in with your loans since March 2020, so it’s high time to review your balances. These steps can help you come up with a student loan repayment plan that works for you.

Excel graduated repayment plan student loan calculator