Calculate if Student Loans are Worth it

Find how how much extra you need to earn per month and per year to break-even on your student loans. One of the important factors of this calculator is to also pay back yourself for the money that you paid out of pocket. Calculate if the extra educational debt plus what you spent out of pocket is worth it to you.

If you aren't sure about a number leave the default value as a starting point, and play around with the different options.

Total Student Loan Amount
Annual Student Loan Interest Rate
Loan Length (Years)
Total Out of Pocket Amount

Your Personal Cost of Capital is basically what your money could have done for you if you hadn't used it for school. The default rate is 1% which is equal to most online savings accounts.

If there is a cost that doesn't apply in your situation, just put a zero in the field.

Education Pay Back Results

This is how much you have to earn (post-tax) per month to break even per month.
Student Loan Payments$345
Pay Back Yourself $88
Total Monthly Break-Even$433

Annual Break Even Results

On an annual basis this is how much extra you will have to earn (post-tax) to break even per month.
Student Loan Payments$4,140
Pay Back Yourself $1,056
Total Annual Break-Even$5,196

Click or hover over the pie chart to see the component values.

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