Free calculator
Student Loan Calculator
Free Student Loan Calculator with instant browser-based results and a clear calculation breakdown.
💰 Student Loan Calculator
Calculate your monthly payment and total interest for student loans. Enter your loan details below to see your repayment schedule.
Total amount borrowed
Please enter a valid loan amount
Annual percentage rate (APR)
Please enter a valid interest rate (0-100%)
Number of years to repay
Please enter a valid loan term (1-50 years)
Your Payment Amount
$0.00
Total Amount Paid:
$0.00
Total Interest Paid:
$0.00
Number of Payments:
0
Interest as % of Principal:
0%
📊 How This is Calculated
Formula Used: Standard Amortization Formula
Payment = P × [r(1+r)^n] / [(1+r)^n - 1]
Where:
• P = Principal (loan amount)
• r = Periodic interest rate (annual rate ÷ payments per year)
• n = Total number of payments (years × payments per year)
Note: This calculator provides estimates for educational purposes. Actual loan terms may vary based on lender policies, fees, and other factors.
Want to understand the calculation?
Read the guideSee examples, formula notes and limitations.