Our student loan calculator helps you estimate your monthly loan payments and understand the total cost of your education financing. Whether you're planning for college expenses or managing existing student debt, this tool provides accurate calculations for federal and private student loans.

Key Features

• Calculate monthly, bi-weekly, or weekly payment amounts
• View total interest costs over the life of the loan
• Generate detailed amortization schedule
• Compare different payment frequencies
• Mobile-friendly design for calculations on-the-go

How to Use the Calculator

1. Enter Loan Amount: Input the total amount you need to borrow or have borrowed for your education.
2. Set Interest Rate: Enter the annual interest rate for your loan (typically 3-7% for federal loans, 4-12% for private loans).
3. Choose Loan Term: Select the repayment period in years (standard is 10 years, but can range from 5-30 years).
4. Select Payment Frequency: Choose how often you'll make payments (monthly is most common).
5. Calculate: Click the "Calculate Payment" button to see your results and amortization schedule.

Understanding Your Results

The calculator provides three key pieces of information:

Payment Amount: The regular payment you'll need to make based on your selected frequency
Total Interest: The total amount you'll pay in interest over the life of the loan
Total Paid: The complete amount you'll pay back, including principal and interest

Tips for Student Loan Management

• Consider making extra payments toward principal to reduce total interest
• Explore income-driven repayment plans for federal loans if needed
• Look into loan forgiveness programs for eligible careers
• Consider refinancing if you qualify for lower interest rates
• Set up automatic payments to avoid missed payments and potential rate reductions

Student Loan Calculator

Loan Calculator

Payment Amount

Total Interest

Total Paid

Amortization Schedule

About Student Loan Calculator

Key Features

How to Use the Calculator

Understanding Your Results

Tips for Student Loan Management

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