Student Loan Calculator: Quick Student Loan Estimator

Student Loan Calculator

Loan Information

Loan Amount: $10000

$1,000 $200,000

Interest Rate: 5%

0.1% 15%

Loan Term: 10 years

1 year 30 years

Additional Details

Origination Fee: 0%

0% 10%

Repayment Plan:

Additional Monthly Payment: $0

$0 $1,000

Monthly Payment

$106.07

Total Payment

$12,728.40

Total Interest

$2,728.40

Payment Breakdown

Amortization Chart

Amortization Schedule

Year	Principal Paid	Interest Paid	Total Paid	Remaining Balance

What Is the Student Loan Calculator?

Our Student Loan Calculator is here to help you take control of your finances. Whether you're just starting college, managing a current loan, or figuring out how to pay it off, this tool gives you the information you need to make smarter decisions.

How to Use the Calculator

Getting started is really easy. Just follow these simple steps:

Enter the Loan Amount: Type in how much money you’re borrowing.
Set the Interest Rate: Add the annual interest rate your lender has given you.
Choose the Loan Term: Decide how long you’ll take to pay it back, either in months or years.
View Results: You’ll immediately see your monthly payment amount, the total repayment cost, and how much interest you’ll pay overall.

Features That Make This Tool Stand Out

Real-Time Updates: Instantly see changes to your loan when you adjust any details.
Visual Payment Breakdown: Clear graphs show exactly where your money is going.
Extra Payment Scenarios: See how making extra payments can save you money and help you pay off your loan faster.

Important Notes

Transparency is important. Here’s what to keep in mind:

The numbers you see are just estimates based on the info you provide. The actual loan terms and rates could vary depending on your lender.
This tool is designed to help you plan, but it’s not financial advice or a loan offer.
For personalized advice, reach out to your lender or talk to a financial advisor.