MBA Student Loan Calculator

You got into business school. Now it's time to figure out how you'll pay for your MBA. CommonBond's MBA Student Loan Calculator will help you determine how much school will cost, the amount you'll need to borrow, and how much you can save by borrowing with CommonBond.

Choose a School to Get Started

    Your School's Costs:

    Update your expected costs including tuition, housing, and school supplies. Be sure to budget for trips with your fellow students and "cushion" in case of emergencies.

    Business School Expenses
    2018-2019 ($) 1
    2019-2020 ($) 1
    Total (%)
    Program's Cost of Attendance
    Once-in-a-Lifetime Trips
    Extra Costs

    Your Savings and Scholarships:

    Input your expected funding for school that will come from sources other than student loans.

    Funding Source
    2018-2019 ($)
    2019-2020 ($)
    Total (%)

    Your Student Loans:

    Split the amount you'd like to borrow among the four sources below. Please note that you forego certain federal loan program benefits if you use private student loans.

    Loan Type
    Interest Rate (APR)
    2018-2019 ($)
    2019-2020 ($)
    Total (%)
    You are eligible to borrow up to
    Direct "Stafford" Loan3
    Federal Direct PLUS Loan4
    Other Private Loans5
    Your Financial Summary

    Based on what you entered, here are your anticipated monthly student loan payments.

    Total Cost of Your MBA
    Total Student Loan Debt
    Student Loan Term
    10 Years
    Interest Rate (Weighted Avg.)8
    Monthly Payment6
    Total Lifetime Cost
    Estimated Post-MBA Salary
    Debt to Income Ratio (DTI) 
    Savings If Funded Through CommonBond7

    (1) All items that make up a program’s cost of attendance are based off the most recent data available from each school and are assumed to increase by 5% over the prior year's published cost of attendance.

    (2) In this calculator, CommonBond loans will default to the 10-year, fixed rate CommonBond MBA Student Loan, offered at one fixed rate of 5.81% and a 2% origination fee.

    (3) Direct "Stafford" loans have a 1.069% origination cost. The rate for Direct "Stafford" loans is set by the government on June 1 of every year. The 2017-2018 rate is set at 6%.

    (4) Direct PLUS loans loans have a 4.276% origination cost. The rate for Federal Direct PLUS loans is set by the government on June 1 of every year. The 2017-2018 rate is set at 7%.

    (5) "Other Private Loans" apply an 8.5% interest rate with no origination cost. Users of this calculator can adjust this interest rate.

    (6) These monthly payments are based on a ten-year repayment period. The payments also assume two semesterly disbursements for each year in which you borrow, as well as accruing interest while in school and a 6-month grace period after graduation. At the culmination of the 6-month grace period, the accrued interest is capitalized into the loan balance to calculate the scheduled monthly payment for the 120-month repayment period.

    (7) This dollar amount is the total savings you can achieve over the full ten-year repayment term when choosing to fund your MBA with CommonBond versus the Federal Direct PLUS loan.

    (8) The weighted average interest rate in "Your Financial Summary" includes the weighted average of the interest rates for Direct "Stafford" Loan, Federal Direct PLUS Loan, CommonBond, Other Private Loans and/or Family Loans. Please note that you forego certain federal loan program benefits if you use private student loans.

    The views and calculations presented here are in no way meant to serve as professional financial advice, and do not reflect the position and opinions of CommonBond. This calculator is FOR ILLUSTRATIVE PURPOSES ONLY, is not guaranteed to be accurate, and is not guaranteed to be applicable to your actual situation which may vary based upon your specific "sources" (gifts, scholarships, loans, cash, retirement accounts) and "uses" (tuition and fees, living costs, personal discretionary spending). You should confirm individual budget items and overall cost of attendance directly with respective programs.