Variable vs. Fixed-Rate Student Loan Cost Comparison

This tool provides an estimated comparison between fixed and variable interest rate student loans, primarily reflecting U.S. market scenarios where variable rates are common for private loans. Actual rates, terms, and market index changes will vary. This is not financial advice. Consult lenders for specific offers.

Common Loan Details:

Loan Principal Amount ($):

Loan Term (Years):

Fixed-Rate Loan Details:

Fixed Annual Interest Rate (%):

Variable-Rate Loan Details:

Initial Variable Annual Interest Rate (%):

Avg. Expected Annual Rate Change (% point): Enter positive for increase (e.g., 0.25), negative for decrease (e.g., -0.1), or 0 for no change.

Lifetime Maximum Interest Rate (%):

Lifetime Minimum Interest Rate (%):

Rate Adjustment Frequency (Months): Payment recalculates at this frequency if rate changes.