Estimate the monthly payment, total interest and total cost if you borrow part of your online MBA tuition.
Use this calculator to see what borrowing for an online MBA would mean for your monthly budget after you finish. Enter the amount you expect to borrow in total, the interest rate on your loan, the repayment term and any upfront fee. Federal and private lenders set their own rates and fees, so type the figures from your actual loan offer rather than relying on the defaults, which are only plausible examples.
Method: the tool uses the standard fixed-rate amortization formula. Each month's payment covers that month's interest on the remaining balance and the rest reduces principal. Fees are added to the total paid but not financed.
Worked example (illustrative): borrowing $30,000 at 7.5 percent over 10 years gives a payment of roughly $356 per month and about $12,700 in total interest.
Limits: the calculator assumes a fixed rate and level payments. It does not model income-driven repayment, deferment, interest that accrues while you study, variable rates or loan forgiveness. Check studentaid.gov for current federal terms.
Applying and Enrolling
Funding options for an online MBA in 2026, including the end of Grad PLUS for new borrowers, new federal loan caps, employer tuition assistance, scholarships and private loans.
