Student Loan Calculator
Monthly payment = P × r(1+r)^n ÷ ((1+r)^n − 1)r=0.055/12, n=120, payment ≈ $325/month
Free online tool
Student Loan Calculator
Enter your loan amount, interest rate and repayment term.
Instant calculation
Student Loan Calculator
Enter your loan amount, interest rate and repayment term.
Your result
Calculation
Your numbers stay in this browser. Nothing is uploaded or saved.
Three clear steps
How to use this calculator
- 01
Enter loan amount
Type the total student loan balance.
- 02
Set rate and term
Enter the annual interest rate and repayment term in months.
- 03
See payment plan
Calculate to see monthly payment and total cost.
The formula
How this calculation works
Standard amortization formula for federal and private student loans.
Check the method
Worked examples
Each example follows the same formula used by the calculator.
$30,000 student loan at 5.5% for 10 years?
r=0.055/12, n=120, payment ≈ $325/month≈ $325/month; $39,098 totalCommon questions
Questions about this calculation
What is the Student Loan Calculator?
The Student Loan Calculator helps you calculate monthly student loan payments and total repayment cost. Enter your values and select Calculate to get an instant result.
How is the result calculated?
Standard amortization formula for federal and private student loans.
Can you show an example?
Example: $30,000 student loan at 5.5% for 10 years? — ≈ $325/month; $39,098 total.
Is my data saved when I use the Student Loan Calculator?
No. All calculations run locally in your browser. Your inputs and results are never uploaded, stored or shared with anyone.
Is the Student Loan Calculator free to use?
Yes. The Student Loan Calculator is completely free. No account, sign-up or payment is required. It works on mobile, tablet and desktop.
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