Student Loan Calculator Excel Template
Once youre in the template fill in information related to your loan.
Student loan calculator excel template. Enter the amount you are borrowing. Everything else will be calculated for you below. Plan to pay off your college loans. This is an accessible template.
The first step after downloading the student loan calculator is to enter all your loan information at the top. This spreadsheet will help you identify the fastest and cheapest way to pay off your student loans. Create your student loan spreadsheet and sort your student loans so that the loan with the highest interest rate is on top and the loan with the lowest interest rate is on the bottom. Lets say that you have a student loan for 40000 and an interest rate of 65 and you plan to stick to a 10 year repayment plan.
With excel you can perform calculations that will help you better understand your loans but also keep track of payments over time. The student loan refinancing calculator from student loan hero helps you to decide whether this decision could be right for you based on potential loan offers youve received. Vertex42 provides high quality free excel based loan calculators to both individuals and industry professionals. Start by entering the amount you owe annual interest rate the loan period number of payments and the start date of your payments.
Excel student loan repayment templates and tools. The college loan calculator for excel can help give you a clear picture of how much and how long it will need to pay off your loans based on your annual salary after you graduate. Menu icon a vertical stack of three evenly spaced horizontal lines. To use a loan template in excel open the program and if loan amortization is not an option type those words into the search box.
Make your regular minimum payments on all of your student loans. Get a handle on your student loans and a clear picture of what it will take to pay them off based on your estimated annual salary after graduation. The college loan calculator for excel is a very handy and functional tool that you can use so you can plan ahead. When it comes to managing your student loans excel can be an excellent resource.