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

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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