Student Loan Calculator
Plan your student loan repayment by calculating monthly payments, total amount paid, and total interest over the life of your loan. Enter your loan principal, interest rate, and repayment period to get an accurate estimate.
Student Loan Calculator
FAQ
What is the standard repayment term for student loans?
The standard repayment term for federal student loans is 10 years (120 months). However, extended repayment plans can stretch to 25 years, and income-driven plans may extend up to 20-25 years.
Should I pay more than the minimum payment?
Making extra payments toward your student loans can significantly reduce the total interest paid and help you become debt-free sooner. Even small extra payments can make a meaningful difference over time.
What are typical student loan interest rates?
Federal student loan rates are set by Congress and typically range from 4-7%. Private student loan rates vary by lender and creditworthiness, ranging from about 3-15%. Fixed rates stay the same, while variable rates can change over time.