How is student loan payment calculated?

Student loan payments are typically calculated like other installment loans: principal, interest rate, and term. Federal loans in the USA may have different repayment plans (e.g. income-driven). This calculator uses a standard amortization approach.

What is the typical term for student loans?

Federal student loans in the USA often have 10-year standard repayment; extended plans can be 25 years. Private loans vary. Use this calculator to see payments for different terms.

Should I pay off student loans early?

Paying extra reduces total interest and shortens payoff. Compare with other goals (emergency fund, retirement). Use this calculator to see how extra payments affect total interest and payoff time.

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.

So nutzen Sie 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.

Funktionen

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.

Warum diesen Rechner nutzen

Plan your finances with accurate estimates.
Compare scenarios in seconds.
Make informed decisions before you borrow or invest.

Unterstützte Browser und Geräte

All modern browsers (Chrome, Firefox, Safari, Edge).
Mobile-friendly — use on phone or tablet.
No app download — runs in your browser.

Häufig gestellte Fragen

Vollständige Anleitung zu 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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