Free Tool
Student Loan Repayment Calculator
Estimate your monthly student loan payments, total interest, and see a full amortization schedule. Includes extra payment options to see how much you can save.
- Monthly
- $0
- Total Interest
- $0
- Total Paid
- $0
- Payoff
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How It Works
Understand Your Student Loan
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Standard Amortization
Your monthly payment stays the same, but the proportion going to interest vs. principal changes over time. Early payments are mostly interest; later payments are mostly principal.
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Extra Payments Save Big
Paying just $50 extra per month on a $30,000 loan at 6.53% could save you over $2,000 in interest and shave years off your repayment term.
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Know Your Terms
Federal student loans typically offer 10-year standard repayment. Private loans may have different terms. Always check your actual loan documents.
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Refinancing Options
If interest rates have dropped since you took out your loans, refinancing could lower your monthly payment. However, refinancing federal loans means losing borrower protections.
