Student Loan Calculator
Part of Student loans. Use this student loan calculator to estimate monthly payments, total interest, and payoff time for undergraduate or graduate borrowing scenarios.
Student Loan Calculator
Principal 73.39% · Interest 26.61%
Total of 120 monthly payments$47,690.15
Total interest$12,690.15
Amortization schedule
Explore loan payment by amount
Dedicated pages for common loan sizes—adjust APR and term on each page.
How the Student Loan Calculator works
Student Loan Calculator
This student loan calculator estimates monthly payment, total interest, and payoff timeline for fixed-rate repayment assumptions. It is useful for undergraduate and graduate borrowing scenarios when you want a quick baseline before reviewing servicer disclosures.
Federal and private student loans can differ in grace periods, deferment, income-driven repayment, and forgiveness options. This tool does not model IDR, PSLF, or subsidized in-school interest rules—it focuses on standard amortizing payments for comparison.
Run multiple scenarios (rate, term, and balance) before consolidating or refinancing. If you are comparing refinance offers, match term length and rate type so monthly payment differences reflect true cost trade-offs.
Frequently asked questions
How do I calculate student loan payments?
Enter loan balance, annual interest rate, and repayment term in years. The calculator estimates a level monthly payment assuming standard fixed-rate amortization, plus total interest over the term.
Does this include income-driven repayment (IDR) plans?
No. IDR plans tie payments to income and family size with annual recertification. This tool models fixed amortizing payments for planning and comparison.
Should I pay extra on student loans?
Extra principal payments usually reduce total interest and shorten payoff time when you can sustain them. Compare your loan APR to other financial priorities before accelerating payoff.
How accurate is this student loan calculator?
It is reliable for fixed-rate planning. Servicer rounding, fees, grace periods, and variable-rate resets can make actual statements differ.