Student Loan Calculator

A student loan statement shows the balance and the rate, but rarely the number that decides your budget: the monthly payment, and what the loan really costs by the time it's gone. If you have several loans, add up the balances and use your weighted average rate. Enter the total below to see your payment, total interest and total cost — plus how a longer or shorter term changes everything.

Tool Features

• Monthly payment on a standard amortizing student loan
• Total interest and total cost over the chosen term
• Side-by-side 10 / 15 / 20 / 25-year comparison
• Works for federal or private loans (use your weighted rate)
• No registration or software installation

Common Usage

• Find your standard 10-year payment before repayment starts
• Compare a longer term (lower payment) vs total interest paid
• Test an extended or graduated-style plan budget
• Plan extra payments with the Debt Payoff Calculator