MD Program

Contact Financial Services

1216 MERF
Iowa City, Iowa 52242-2600
Phone:(319) 335-8059
Fax: (319) 335-8643

  • Estimating Loan Payments

    A big part of financial planning and budgeting is knowing the amount of your loan payments. You should also know the amount of the payment that is interest and that is principle and how much interest you’ll pay over the long term. Direct Loans offer several different repayment plan options, depending on the amount of your debt; before signing up for a repayment plan, you should use a repayment calculator to get all the information that will inform your decision. It is also useful to keep track of what your repayment amount will be as you add loans each year. Being realistic about the amount of debt and repayment you’re incurring can help you plan and stick to a budget!

    Here’s a link to the Direct Loan Repayment Calculator: http://www.ed.gov/offices/OSFAP/DirectLoan/RepayCalc/dlentry1.html