Student Loan Calculator

Estimate your monthly student loan payment and total interest. Free student loan calculator for federal and private loans.

loan

Result

379.84

Breakdown

Total Paid
45,581
Total Interest
10,581

About Student Loan Calculator

What is student loan calculator?

A student loan calculator helps you calculate important financial metrics quickly and accurately. Enter your details and get instant results — no spreadsheet or financial advisor needed.

How to use this calculator

  1. Enter your loan amount.
  2. Enter your interest rate.
  3. Enter your loan term.
  4. Click the "Calculate" button.
  5. View your result instantly — the main result is displayed prominently at the top with a detailed breakdown below it.

When to use this calculator

  • Comparing loan or mortgage offers from different lenders
  • Planning a major purchase and budgeting monthly payments
  • Estimating investment returns for retirement planning
  • Calculating taxes, tips, or discounts while shopping

How the calculation works

The student loan calculator uses standard financial formulas to compute your result based on loan amount, interest rate, loan term. Results include a main figure and a detailed breakdown so you can understand exactly where the numbers come from.

Frequently Asked Questions

How is loan interest calculated?▼
Most loans use amortized interest where each payment covers accrued interest plus a portion of principal. The formula is M = P[r(1+r)^n]/[(1+r)^n-1].
What is APR vs interest rate?▼
The interest rate is the cost of borrowing the principal. APR includes the interest rate plus fees, giving the true yearly cost of the loan.

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