How is the monthly payment calculated?

The monthly payment is calculated using the standard loan amortization formula, taking into account your loan balance, interest rate, and repayment term.

What factors affect my student loan payments?

Your payments are primarily affected by your loan balance, interest rate, and repayment term. Other factors include your repayment plan and any loan forgiveness programs you may qualify for.

Should I pay off my student loans early?

Paying off student loans early can save you money on interest, but consider your overall financial situation, including other debts and savings goals, before making extra payments.

Student Loan Calculator

Calculate your student loan payments and total repayment amount

Enter your loan details to see your monthly payments and total interest.

Student Loan Calculator

Loan Amount

Interest Rate (%)

Loan Term (years)

Payment Summary

Monthly Payment: $0.00

Total Interest: $0.00

Total Payment: $0.00

Tips for Student Loan Management

Consider making extra payments to reduce the total interest paid
Look into loan forgiveness programs if you qualify
Set up automatic payments to avoid missing due dates
Research income-driven repayment plans if you're struggling with payments

Understanding Student Loans

Why Student Loan Planning Matters

Helps you budget for monthly payments
Understand total interest costs
Plan for long-term financial goals

Common Loan Terms

Federal Loans

4% - 7% interest

Private Loans

5% - 12% interest

Graduate Loans

6% - 9% interest

Student Loan Repayment Strategies

Repayment Plans

• Standard 10-year plan
• Income-driven repayment
• Extended repayment options

Tips for Success

• Make extra payments when possible
• Consider refinancing options
• Look into loan forgiveness programs

Use our Debt Repayment Planner to create a personalized plan for managing your student loans.