Follow
the steps below to calculate how capitalized interest will affect
your monthly payments.*
| 
|
Calculate
your estimated capitalized interest:
_______________
x _______________ = _______________
Your Monthly Interest
Months in School & Grace Estimate of
Capitalized
(See Chart)
(Total number of months Interest
you'll be in school plus
your grace period)
|
 |
Next,
calculate your estimated new principal balance:*
_______________
+ _______________ = _______________
Your Loan Amount
Estimate of Capitalized
New Principal Balance
(Original amount borrowed) Interest
|
 |
Finally,
use the Stafford Monthly
Payment Chart to estimate your payments based
on the new balance of your loan:
_______________
Estimated Monthly Payment
|
*
Round your new principal balance up to the nearest $500. If your
new principal balance isn't on the chart, combine loan amounts on
the chart to approximate your monthly payment. For example, a loan
amount of $10,880 with an 8.25% interest rate would be rounded to
$11,000. The monthly payment would be determined by adding together
two $5,500 loans with 8.25% interest rates ($67.46 + $67.46 and
estimated monthly payment of $134.92).
