Money & Finance
Student Loan Calculator
Calculate your monthly student loan payment and total interest paid from your balance, rate, and term.
$
%
Monthly payment
$329.76
Total interest
$1,871.36
Total repaid
$11,871.36
How the Student Loan Calculator works
Enter your loan balance, interest rate, and repayment term in months. The calculator applies the standard amortization formula to find your fixed monthly payment and total interest.
Frequently asked questions
Does this work for federal and private loans?
Yes — enter your loan balance, interest rate, and term, whichever type of loan you have.
Does this include income-driven repayment plans?
No — this calculates a standard fixed monthly payment. Income-driven plans adjust your payment based on income and can result in a different monthly amount.
Guides that cover this
The Complete Guide to Managing Your Money With Free CalculatorsA practical walkthrough of budgeting, debt payoff, saving, and home-buying math — and the free calculators that handle each step.How Student Loan Payments Are Calculated Across Different Repayment TermsA worked comparison of the same student loan balance under different repayment term lengths, showing the payment and total interest trade-off.Why Your Student Loan Balance Barely Moved After a Year of PaymentsHow interest accrual, income-driven repayment amounts below the interest charge, and capitalized interest can leave a balance stagnant despite regular payments.Standard vs. Income-Driven Repayment: How the Numbers Actually CompareA worked comparison of a standard repayment plan against an income-driven plan, showing the payment and total-cost trade-off.How to Use the Student Loan CalculatorA quick walkthrough of entering a loan balance, rate, and term to calculate monthly payment and total interest.Student Loan Calculator: How It Works and How to Use ItA quick guide to the student loan calculator — what it calculates, how the math works, and tips for getting an accurate result.