When determining the amount of loan to borrower each academic year, it is important to consider the amount of loan payment you will be making each month once you are no longer attending school and start repaying your student loans.
When determining the amount of monthly loan payment that you will be able to afford, you should take into consideration all of your other monthly expenses.
Below are a few calculators that can assist you in determining the amount of loan payment that you will be able to afford.
Determine how much your monthly loan payment will be.
Will your current or expected income be enough to cover all of your monthly expenses including your student loan payment?