A simple, free student loan calculator to estimate monthly payments, total interest costs, and repayment timelines. Make informed decisions about your education financing and loan repayment strategy.
Privacy Note: Your loan information is processed locally in your browser. We never see or store your information on our servers, ensuring complete privacy.
Plan your future, manage your debt, and achieve financial freedom
This calculator is for educational purposes only. Consult with a financial advisor for personalized advice.
Our Student Loan Calculator helps you estimate monthly payments, total interest paid over the life of the loan, and your repayment timeline. It's perfect for planning your education financing and understanding the long-term impact of different loan options.
Simply enter your loan amount, interest rate, and loan term in years. The calculator will automatically display your estimated monthly payment, total interest paid, and total repayment amount.
Federal student loan interest rates typically range from 3.73% to 6.28% depending on the loan type and academic year. Private student loans can have rates ranging from 1% to 13% based on your credit score and other factors.
This calculator is designed for single loans. For multiple loans, you can either calculate each separately or use the total combined principal with a weighted average interest rate.
The basic calculator doesn't include loan origination fees. To account for fees, you can add the fee amount to your loan principal before calculating.
Yes, we take data security seriously. Your loan information is processed locally in your browser and never sent to our servers. This ensures complete privacy and security of your information.
Yes! Our calculator includes an option to see how making additional payments can reduce your loan term and total interest paid, helping you save money over time.