Education

Instant, private, and free

Student Loan Calculator.

Calculate monthly payments, total interest, and payoff schedule for student loans

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Set your values

Results update as you type.

Federal Loans: Usually have fixed rates and income-driven repayment options.

Additional amount toward principal each month

Standard Repayment Plan

Monthly Payment: $340.64

Monthly Payment

$340.64
Total Interest: $10,877

Total Interest

$10,877
Total Payment: $40,877

Total Payment

$40,877
Payoff Date:
9/27/2036
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.