Student Loan Calculator
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Get StartedThis calculator is intended for informational purposes only and the estimated monthly payment and rates given are only for Illustrative purposes. The accuracy of this calculator is not guaranteed.
* The lowest interest rate requires a creditworthy eligible borrower, and automatically withdrawn (“auto debit”) payments, a five-year repayment term, and borrowers making immediate principal and interest payments. Not all borrowers will receive the lowest rate. back
Frequently Asked Questions
What is a cosigner?
What are the eligibility requirements for a U-fi From Nelnet student loan?
- U.S. citizenship or permanent residency status and possession a valid U.S. Social Security number. U-fi From Nelnet Student Loans are currently available in all U.S. states except Vermont.
- At least half-time enrollment at a U-fi From Nelnet eligible school for the loan period in question.
- Annual income of at least $36,000
- Neither borrower nor cosigner can have previously defaulted on a student loan
- Neither borrower nor cosigner can have filed for bankruptcy in the past seven years
- Have a credit score of 680 or more.
When should I consider a private student loan?
How much can I borrow?
- Minimum loan amount: $1,000
- Maximum loan amount: $125,000
- Minimum loan amount: $1,000
- Maximum student loan limit:
- Graduate and doctorate: $175,000
- MBA or graduate law degree: $175,000
- Graduate health professions degree: $500,000
What kind of repayment options are available?
- Immediate repayment (you'll be required to make full principal and interest payments as soon as the loan is disbursed).
- Interest-only repayment (you’ll make interest-only payments while in school).
- Defer principal and interest payments (you won’t be required to make any payments until after you graduate).
- Repayment terms from 5-15 years.
How do I know if I’m eligible for a U-fi From Nelnet loan?
- Be an undergraduate or graduate student enrolled at least half-time at an eligible institution.
- Be a U.S. citizen or permanent resident, or have a qualified cosigner who meets those requirements.
- Pass a credit check and provide proof of income, or have a qualified cosigner who meets those requirements.