Estimate your monthly student loan payment and total repayment cost. Plan your payoff strategy for federal or private student loans.
Student Loan Calculator helps you make informed financial decisions using current rates and proven formulas. Adjust the inputs below to match your situation and see your personalized results update in real time.
Results are estimates only. Not financial advice.
🔒 Financial Disclaimer: These calculations are estimates for informational purposes only. Results are not financial advice. Consult a qualified financial advisor before making major financial decisions.
Calculations based on publicly available data from government agencies. Actual results may vary based on individual circumstances.
Personal loan rates — updated April 2026
| Lender | Rate | APR | Est. Payment | Action |
|---|---|---|---|---|
Fast Fund LendingBest Rate | 7.990% | 8.500% | $416/mo | |
Direct Lender Plus | 8.490% | 9.000% | $422/mo | |
Personal Loans Co | 9.490% | 10.100% | $434/mo | |
Credit Builder Loan | 10.990% | 11.500% | $449/mo |
Rates shown are for illustrative purposes. Actual rates may vary based on credit score, loan amount, down payment, and market conditions. Contact lenders directly for personalized rate quotes.
The Student Loan Calculator estimates monthly payments and total costs using standard amortization formulas for federal and private student loans. It calculates payments based on the loan balance, interest rate, and repayment term, assuming fixed monthly payments over the full loan period. This tool helps students and graduates understand their debt obligation and make informed decisions about repayment strategies, refinancing, and loan consolidation. The calculator compares standard 10-year repayment with extended terms, showing how longer repayment periods reduce monthly payments but increase total interest paid. It demonstrates the impact of interest capitalization for unsubsidized loans and shows how making payments while in school can reduce total costs. Federal student loans offer income-driven repayment plans and forgiveness programs that this calculator does not account for; those options may result in significantly different outcomes than standard repayment calculations.
Result: Monthly Payment: $379.68. Total Interest: $10,561.60. Total Cost: $45,561.60.
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