Federal and private student loans can carry very different rates and terms, making it hard to know what your actual monthly payment will look like once repayment begins. This student loan calculator gives you a realistic monthly payment and total interest cost based on your loan balance, rate, and repayment term.
USA Student Loan Calculator
Estimate your monthly payment, interest costs, and see how extra payments reduce your loan balance faster.
Standard vs Accelerated Breakdown
Repayment Plan Comparison
| Strategy | Monthly Payment ($) | Time to Pay Off | Total Interest ($) | Total Paid ($) |
|---|
This is especially useful when comparing standard repayment plans against income-driven repayment options, since the right choice can significantly change how much interest you pay over the life of the loan. For a full walkthrough of repayment strategies, read our guide on student loan repayment, and once you know your payment, our take-home salary calculator shows how it fits into your monthly budget.
Enter your loan balance, interest rate, and term above to see your projected monthly payment and total repayment cost.