FINANCE / LOANS
Student Loan
Calculator.
Estimate your monthly payment, total interest, and repayment cost. Change the numbers to explore your options.
Your estimate
ESTIMATED MONTHLY PAYMENT
Estimates exclude fees, variable rates, and repayment-plan adjustments.
UNDERSTAND THE RESULT
How this calculator works.
For a fixed-rate loan with equal monthly payments, the calculator uses the standard amortization formula. Each payment covers interest on the remaining balance, with the rest reducing your principal.
If the annual interest rate is zero, your loan amount is simply divided by the number of monthly payments.
Important: Real student loans may accrue interest daily, include fees, use different repayment plans, or have periods of deferment or capitalization. Treat these results as estimates, not lender quotes or financial advice.
Want to take this further in Excel?
Learn to build the calculator in Excel, or explore the companion workbook for a more complete workflow.