Student Loans & Loan Simulation Calculator
Federal Loan Options
Student loans can help cover tuition, fees, books, and other college expenses. Unlike grants and scholarships, loans must be repaid.
At Glen Oaks Community College, we encourage you to borrow only what you need and understand your options before requesting any loan.
All federal student loans require the Free Application for Federal Student Aid (FAFSA).
Types of Student Loans:
- Subsidized Loans
- Unsubsidized Loans
- Parent PLUS Loans
Learn More About Student Loans
Loan Simulation Calculator
Before you accept a student loan, understand what repayment will look like.
The federal Loan Simulator helps you estimate your monthly payment and explore repayment options based on your specific situation.
Actual figures may vary. Please speak with a Financial Aid advisor for more definitive information.
What Can the Loan Simulator Help You Do?
When you visit the Loan Simulator site, you can choose from the following options:
- I want to find the best student loan repayment strategy.
- I’m struggling with my student loan payments.
- I want to simulate borrowing more.
This tool helps you:
- Estimate monthly payments
- Compare repayment plans
- Understand long-term borrowing impact
- Make informed financial decisions