Calculate your fixed monthly student loan payment and total interest paid over the life of the loan.
Monthly payment—USD
Total of all payments—USD
Total interest—USD
Ad Space — 300×250
About the Student Loan Payment Calculator
Student loans are typically repaid through fixed monthly installments over a standard term, just like other installment loans, with interest accruing on the outstanding balance.
Formula: M = P × [r(1+r)n] ÷ [(1+r)n − 1], where P is the loan balance, r is the monthly interest rate, and n is the number of monthly payments.
Extending your repayment term lowers the monthly payment but increases total interest paid, use this calculator to compare terms before choosing a repayment plan.