Use this calculator to estimate monthly payments on a student loan and see the advantages of making payments while in school.
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LendKey private student loans require either a $25 monthly Proactive Payment or a monthly Full Interest payment while the borrower is considered to be in school. This nominal payment helps the student establish credit history and minimize their payments over the life of the loan compared to deferring interest until after graduation.*
Estimated Monthly Payment
Payment Type
Monthly Payment
Deferred Interest
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Proactive Payment
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Full Interest
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By making monthly payments while in school, you can save up to over the life of the loan.
Additional Details
Payment Type
In-School Payment
Total Interest in School
Total Loan After Grad
Monthly Payment
Total Interest
Total Payments
Deferred Interest
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Proactive Payment
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Full Interest
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*This calculator assumes that the final year of school will be 9 months, and that the student makes minimum payments of $25 while in school, $50 after graduation.
Always use grants, scholarships, and federal student loans first. Private loans should only fill the gap after you’ve exhausted all your federal aid options—federal loans offer more protections and better terms for most students.
Always use grants, scholarships, and federal student loans first. Private loans should only fill the gap after you’ve exhausted all your federal aid options—federal loans offer more protections and better terms for most students.