Student Loan Calculator

This student loan calculator shows the monthly loan payment, total interest paid and total payments based on the interest rate and length of the repayment term. It assumes level amortization, where every payment is the same. This includes the standard and extended repayment plans for student loans.

You can also check out our Student Loan Consolidation Calculator if you are interested in seeing the effect of combining multiple loans. And if you're looking to save money and potentially reduce your interest rate, we have private student loan consolidation options as well.

Loan Payment Calculator
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{{loan.rate}}%
Fees Paid:
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Monthly Payment: {{loan.monthlyPayment | currency}}
Interest Paid:
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Number of Payments: {{loan.numPayments}}
Cost of Loan:
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Payoff Date: {{loan.payoffDate}}
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%
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Remove Loan
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Grand Totals

Total Monthly Payment:
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Total Fees Paid:
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Total Interest Paid:
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Total Cost of Loan:
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Total Paid

Principal Interest Fees
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Total Paid without Prepayment

Private loan options for {{school.name}}

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This calculator is provided for informational purposes only. Calculated results are based on many factors, including the assumptions provided by the user. We cannot and do not provide any guarantees, conditions or warranties as to result accuracy or applicability to the user's particular circumstances. It is the responsibility of the user to verify that all of the output and resulting calculations are correct. This calculator should not be used by anyone to make material financial decisions and should be used solely for informational purposes. Actual terms will be set by your lender or your school. We encourage any user to seek personalized advice from qualified professionals regarding all personal finance issues.

The results of this calculator are not based on any information provided by or an affiliation with any school.

What are my private student loan options?