MOHELA Loan Calculator: Plan Your Education Financing

The Higher Education Loan Authority of the State of Missouri (MOHELA) continues to innovate student financial solutions. Our new 3D calculator helps borrowers estimate monthly payments and total loan costs.

Features of the MOHELA Calculator

• Interactive 3D interface with realistic shadows
• Advanced mathematical functions
• Error-checking capabilities
• Responsive design

How to Use the Calculator

Use this tool to estimate loan payments:

Understanding Loan Calculations

Use the calculator to determine monthly payments using the standard formula:

M = P[r(1+r)^n]/[(1+r)^n-1]

Where M = monthly payment, P = principal amount, r = monthly interest rate, and n = number of payments.

Why Choose MOHELA?

As a nonprofit loan servicer, MOHELA offers:

• Competitive interest rates
• Flexible repayment plans
• Loan forgiveness programs
• 24/7 online account management

For official loan servicing information, always visit MOHELA’s official website.