Calculate Monthly Loan Payments

If you're thinking about borrowing to pay for college, this calculator can provide you an estimate of what your monthly payments could be based on figures you input below.

Many students choose to borrow each year to help cover tuition and other expenses. If you are borrowing for a one-time expense, select the "one-time" option below. For the most accurate calculation, change "years in school" to match your remaining years in school.

 Financial Education

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Loan Amount

$ 500 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000 24,000 25,000 26,000 27,000 28,000 29,000 30,000 31,000 32,000 33,000 34,000 35,000 36,000 37,000 38,000 39,000 40,000 41,000 42,000 43,000 44,000 45,000 46,000 47,000 48,000 49,000 50,000 51,000 52,000 53,000 54,000 55,000 56,000 57,000 58,000 59,000 60,000 61,000 62,000 63,000

Loan Limits: $12,000 per year freshman year; $17,000 per year sophomore, junior and senior years; $63,000 lifetime cap.

APR

6.82% with co-signer

7.98% without co-signer

I will borrow

Every Year

One Time

Years in School

1 2 3 4 5 6 7 8 Years

Repayment Type

Full Deferment *

Pay Over

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Years

* Grove City College students borrow using "full deferment," meaning that you pay no loan principal or interest while in school. However, interest does accrue on your loans during deferment.

Variable Rates: Variable rates are based on the Prime Rate index plus a margin depending on the creditworthiness of the borrower and cosigner, if any. The Prime index, adjusted monthly, is equal to the Prime Rate as published in the "Money Rates" section of The Wall Street Journal (Eastern Edition) on the first business day of the immediately preceding calendar month. The Prime index is currently 7.50%. If the index increases or decreases, your rate will increase or decrease accordingly. The rate will not exceed 18%.

Rates disclosed are effective as of 1/1/23 and include the 0.50% interest rate discount for automated payments. Your actual APR will be based on your credit qualification, whether you apply with a cosigner and whether you elect the automated payment feature. Rates subject to change at any time.

For additional rate and loan cost information view loan Application and Solicitation Disclosure.

The accuracy of this calculator is not guaranteed by any party and is intended for educational purposes only. The calculator displayed does not constitute the advice of, or reflect actual products, services, rates and/or terms available from PNC Bank or its affiliates and nothing contained in the calculator shall constitute an offer or solicitation of a product or service by PNC Bank or its affiliates.