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Federal Perkins Loan Payment Estimator

This calculator estimates what the monthly payments may be once repayment of a Federal Perkins Loan begins. These results can be helpful when deciding a reasonable amount to borrow, or determining payments on amounts already borrowed.

Please enter the principal amount you have borrowed or plan to borrow. The estimated payment amount will be calculated using a 5% annual interest rate. Western Illinois University exercises the minimum payment option of $40.00 per month.

Principal Amount of Loan:

Disclaimer: Calculators are provided for reference only. The payments and interest are estimates only.