Student Loan Calculator
Calculate student loan payments and compare repayment plans. See how extra payments can help you pay off student debt faster and save on interest.
Total amount of student loans
Federal loans: 5-8%, Private loans: 4-14%
Your Student Loan Payment
Monthly Payment
$397.42
Total Interest
$12,690.15
Total Payment
$47,690.15
Over 10 years
Compare Repayment Plans
| Plan | Monthly | Total Interest | Total Paid |
|---|---|---|---|
Standard 10 years | $397.42 | $12,690 | $47,690 |
Extended 25 years | $236.32 | $35,897 | $70,897 |
Graduated 10 years | $397.42 | $12,690 | $47,690 |
Amortization Schedule
Shows how your loan balance decreases over time as you build equity
Student Loan Tips
- •Consider income-driven repayment if your income is low relative to debt
- •Extra payments can significantly reduce total interest paid
- •Federal loans offer more flexible repayment options than private loans
- •Public Service Loan Forgiveness may forgive remaining balance after 10 years
Related Calculators
Loan
Calculate monthly loan payments, total interest, and payoff date for any type of loan. Free calculator works for personal loans, business loans, and more.
🚗Auto Loan
Calculate your monthly car payment, total interest, and loan cost. Compare different loan terms and down payments to find the best auto financing option.
💵Personal Loan
Calculate monthly payments and total cost for personal loans. Compare APRs and loan terms to find the best unsecured loan for debt consolidation or major purchases.
⛵Boat Loan
Calculate monthly boat loan payments and total financing costs. Compare different loan terms for new and used boats, yachts, and marine watercraft.
How to Use This Student Loan Calculator
This free student loan calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required