Payoff Calculator for MBA

Estimated Loan Payoff:

Total Cost of Attendance

?

Include the cost of tuition as well as living expenses. Usually these will be higher than planned so they will be balanced by your internship income.

$200,000

$10,000
$260,000

Expected Financial Aid

$100,000

$0
$260,000

Personal Contribution

$25,000

$0
$260,000

Amount to be Financed:

Post MBA Loan Paydown

Estimated Compensation Package

?

You can include your expected annual salary + expected bonus. For an MBA position, you can usually expect a 20% annual performance bonus.

$165,000 per year

$70,000 per year
$260,000 per year

Percent of Salary towards Loan

We recommend assuming Cost of Living is 30-60%, Savings is 15%, and Other Expenses is 15%. If you are unsure, use 10-40% depending on how expensive it is in your desired work location.

20%

0%
50%

Monthly Loan Payment:

?

This is what you will end up paying towards the loan each month; this is NOT the minimal payment; that will depend on the loan term which is usually 10, 15, or 20 years.

Loan Interest Rate

10%

4%
16%

Loan Payoff: