Student Loan Calculator
Estimate your monthly student loan payment, total interest, and payoff cost.
Last reviewed July 1, 2026
Standard fixed repayment. Income-driven and government plans may differ — paying extra each month shortens the term and cuts interest.
Student loans can follow you for a decade or more, so it pays to understand the numbers. This calculator turns your balance, interest rate, and repayment term into a clear monthly payment and shows how much interest you'll pay over the life of the loan.
Try a shorter term or an extra monthly amount to see how much interest you could save — with student debt, small changes add up over ten years.
How student loan repayment works
On a standard repayment plan, you pay a fixed amount each month that covers the interest plus a slice of the balance, until it's fully repaid — the same amortization used for other loans.
Interest accrues on the outstanding balance, so paying more than the minimum, or making payments during any grace period, reduces the total you repay. Government and income-driven plans can change the payment and timeline significantly.
Frequently asked questions
▶How can I pay off my student loan faster?
Pay more than the minimum where allowed, target the highest-interest loan first, and avoid letting interest capitalise. Even a small extra monthly amount shortens the term meaningfully.
▶Does this include income-driven repayment?
No — it models a standard fixed repayment plan. Income-driven and government schemes calculate payments differently, often based on your earnings.
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Open calculator →Disclaimer: Student Loan Calculator results are estimates for general information and education only, and are not financial, tax, legal or medical advice. Verify important decisions with a qualified professional.