New loans:
Simply enter the loan amount, anticipated interest rate, and length of the loan (how many years to repay).

Sallie Mae Loans Entering Principal and Interest Repayment:
Log in to your account and go to the loan details page to find all the information you'll need to calculate your estimated payment amount. Locate your current balance, interest rate, and repayment term. Then enter your current balance in the loan amount field and convert your repayment term from months to years.

Enter your loan amount.
$
Enter your interest rate.
%
Enter years to repay
years
Enter your monthly payment.
$

Calculate

Correct the fields highlighted above.

Please note the monthly payment amount is an estimate provided for information purposes only.

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Results

 No purchase necessary. Void where prohibited. Odds of winning depend upon the number of entries received. See official rules at SallieMae.com/SweepstakesRules.

Sallie Mae does not guarantee the estimator accuracy or applicability to a person's individual circumstances. The estimated monthly payment assumes a fixed payment amount and fixed interest rate for the life of the loan and does not account for a variable interest rate. The estimate does not account for missed payments, the use of deferment or forbearance, or any required minimum monthly payment amount for a particular loan. For new loans, this estimate does not account for any payments made during the in-school and separation or grace periods, or any interest that accrues or capitalizes during that time. For Sallie Mae loans entering principal and interest repayment, this estimate does not factor in accruing interest or any payments made between now and when the loan enters principal and interest repayment.