Student Loan Calculator

Calculate US student loan monthly payment, total interest, and payoff timeline.

Total Loan Amount

Interest Rate

Repayment Term

years

Extra Monthly Payment

Monthly Payment$380

Total Interest Paid$10,961

Total Amount Paid$45,961

Payoff Time (months)121

What is Student Loan?

The US Student Loan Calculator estimates monthly payments and total interest for federal and private student loans. Average graduate debt: ~$37,000.

Monthly Payment = P × r × (1+r)^n / ((1+r)^n − 1)

Federal rates (2024-25): Undergrad 5.50%, Graduate 7.05%, PLUS 8.05%

1. Enter total loan balance. 2. Enter interest rate and repayment term. 3. Add extra monthly payment to see faster payoff.

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Should I pay extra on student loans?

Even $50-100 extra per month can save thousands in interest and years off your loan.

What is PSLF?

Public Service Loan Forgiveness: loans forgiven after 120 qualifying payments while working for government/non-profit.

Federal vs private student loans?

Federal loans offer income-driven plans and forgiveness. Always exhaust federal loans first.

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