Education
Instant, private, and free
Student Loan Calculator.
Calculate monthly payments, total interest, and payoff schedule for student loans
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Federal Loans: Usually have fixed rates and income-driven repayment options.
Federal Loans: Usually have fixed rates and income-driven repayment options.
Additional amount toward principal each month
Additional amount toward principal each month
Standard Repayment Plan
Monthly Payment: $340.64
Total Interest: $10,877
Total Payment: $40,877
Payoff Date:
9/9/2036
Total Payments:
120 months
Amortization Schedule
Understanding Student Loans
Federal Loans: Usually have fixed rates and income-driven repayment options.
Private Loans: Rates vary by lender and credit score. May have variable rates.
Tip: Making extra payments toward principal can significantly reduce total interest paid.
How to Use
Federal Loans: Usually have fixed rates and income-driven repayment options.
Private Loans: Rates vary by lender and credit score. May have variable rates.
Tip: Making extra payments toward principal can significantly reduce total interest paid.