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Loan Calculators
Repayment Schedule
- Level/Extended
- This schedule allows you to repay your loan in equal monthly payments over a certain number of years.
- Income Sensitive
- For Borrowers who meet income qualifications, this schedule allows you to extend your repayment terms in one year increments with a payment of the greater of interest only or your preferred payment amount. If you meet income qualifications, this plan may be renewed up to five times.
- Graduated
- This schedule begins with lower payments that gradually increase over the life of the loan.
- Comparison
- Compares Level, Income Sensitive, and Graduated schedules.
Other Calculators
- Prepayment
- Estimate how much you can save in interest by increasing your monthly payment. Your payback will be accelerated in the process.
- Debt Calculator
- Select a career from the list provided and the length of schooling required to determine the average amount of debt.
- Budget Calculator
- Calculate your total monthly expenses to show exactly where you spend your money.
Notice: Repayment calculations are estimates only...Your actual loan payments and interest charges may vary!
Steps to a Montana’s Choice student loan:
- Complete your FAFSA
- Choose a Montana’s Choice Lender
- Make a note of the lender ID
- Follow your school’s financial aid instructions
- Check out Smart About College for information