Student Loan Calculator
Estimate your monthly payments, total interest, and repayment timeline
Loan Information
?
Annual interest rate for your student loan
?
Months after graduation before payments begin
Payment Summary
Enter your loan details to see your repayment plan
About This Student Loan Calculator
Estimate your monthly student loan payments, total interest, payoff date, and see how extra payments save you money.
What is a Student Loan Calculator?
A tool to calculate your monthly payment, total interest, and repayment timeline based on loan amount, interest rate, and term.
Why You Need a Student Loan Calculator?
- Budget Planning: Know your monthly obligation.
- Compare Options: Federal vs private loan costs.
- Save with Extra Payments: See interest savings.
- Plan Payoff: Know when you'll be debt-free.
How to use the Student Loan Calculator — Complete guide:
Step 1 — Enter loan amount
Total borrowed for tuition, fees, etc.
Step 2 — Input interest rate
Federal: 4–7%; Private: 5–12%.
Step 3 — Choose loan term
10 years standard; longer = lower payment, more interest.
Step 4 — Add grace period & extra payments
Grace: 6 months typical. Extra: accelerates payoff.
Example:
$30k loan, 5.5%, 10-yr → ~$325/month, $9k interest
Frequently Asked Questions:
Can I pay off early?
Yes, most loans have no prepayment penalty.
What is a grace period?
Time after graduation before payments start (usually 6 months).
Federal vs Private?
Federal: fixed rates, income-driven plans. Private: variable rates, credit-based.
Educational Resources:
Contact & Collaboration
Questions? Feedback? Let's connect!
Email Us
Contact us at info@emergencyfundcalculator.com
For partnerships or feature requests — we're open to collaboration!
Plan saved!