Student Loan Calculator
Free student loan calculator. Get instant results — no signup, no account. Plan and compare with confidence.
Use the Student Loan Calculator below.
Calculate your student loan monthly payment, total interest, and payoff timeline. Free student loan calculator for USA federal and private student loans.
How to use Student Loan Calculator
Enter loan amount
Input your total student loan balance.
Enter rate and term
Enter interest rate and repayment term.
View results
See monthly payment, total interest, and payoff timeline.
Features
- Instant results — no waiting or signup.
- Free to use — no hidden fees.
- No login or account required.
- Works on all devices — desktop, tablet, and mobile.
- Your data stays private — we do not store your inputs.
Why use this calculator
- Plan your finances with accurate estimates.
- Compare scenarios in seconds.
- Make informed decisions before you borrow or invest.
Supported browsers and devices
- All modern browsers (Chrome, Firefox, Safari, Edge).
- Mobile-friendly — use on phone or tablet.
- No app download — runs in your browser.
Frequently asked questions
Complete guide to Student Loan Calculator
What is a student loan calculator?
A student loan calculator estimates your monthly payment and total interest for education loans. Enter the principal (total borrowed or expected), interest rate, and repayment term. Federal and private student loans often have different rates and terms; use this calculator to see how much you will pay each month and over the life of the loan.
Federal vs private student loans
| Type | Typical rate | Repayment options |
|---|---|---|
| Federal (US) | Fixed, often 4–7% | Income-driven, forbearance, forgiveness programs |
| Private | Variable, often 5–14% | Standard repayment; fewer options |
Tips for managing student loan repayment
- Use income-driven repayment (IDR) if your income is low relative to debt.
- Make extra payments when possible to reduce total interest.
- Check eligibility for forgiveness (e.g. PSLF) before refinancing federal loans.
- Refinance private loans if you qualify for a lower rate.
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Disclaimer
Our financial calculators are for informational and educational purposes only. Results are estimates based on the inputs you provide and standard formulas. They are not financial, tax, or legal advice. We do not store or share the numbers you enter.