Student Loan Payment Calculator

Your details

Choose which value you want the calculator to solve for.
The current outstanding principal on your student loan.
The annual percentage rate (APR) on your loan. Federal undergraduate loans are typically 5-7%.
%
Number of years over which you will repay the loan. The standard federal term is 10 years.
years
Your fixed monthly payment. Used when calculating the remaining term or savings from extra payments.
Months after graduation before payments begin. Interest usually accrues during this period.
months
For reference only. The standard amortization calculation above applies to fixed-payment plans.
Currency
Monthly PaymentModerate interest cost
$325.58

Fixed amount due each month to pay off the loan in full by the end of the term.

Total Interest$9,069.46
Total Amount Paid$39,069.46
Payoff Time10 years
Balance after Grace Period$30,000.00

Your monthly payment is $326.

  • You will pay $9,069 in interest, about 30% on top of the original balance.
  • Making payments during any grace period and rounding up each payment are two of the easiest ways to cut total interest.

Next stepTry the "Savings from extra payments" mode to see how much even a small increase in your monthly payment can save over the life of the loan.

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