Student Loan Calculator
Calculate monthly student loan payments and total interest.
Student loans follow you for years after graduation, and the interest rate and repayment term quietly determine how much that education really costs. A longer term eases the monthly payment but piles on interest; understanding the trade-off helps you choose a plan and prioritize repayment.
Enter your loan amount, interest rate and repayment term, and this calculator shows your monthly payment, the total interest, and the total you'll repay. Adjust the term to see how extra years inflate the lifetime cost.
How to use Student Loan Calculator
- 1
Enter your figures
Fill in the fields with your numbers.
- 2
Read the results
The calculation updates instantly.
- 3
Adjust to compare
Change any input to explore scenarios.
Features
- Instant calculation as you type
- Clear, itemized results
- Runs privately in your browser
Frequently asked questions
Common mistakes to avoid
- Entering a percentage as a decimal (0.08) instead of a whole number (8).
- Comparing options on one metric alone instead of the full picture.
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