Student Loan Calculator

Calculate student loan payments for federal or private loans. See total interest over time.

Quick Answer

Federal student loans offer income-driven repayment and forgiveness options. Private loans may have lower rates but fewer protections. Calculate payments under different plans to find your best option.

Results update automatically as you type

Student Loan Details

Loan Amount

Interest Rate

Loan Term

Monthly Payment

$380

Total Interest

$10,581

Over 120 payments

Total Cost

$45,581

Cost Breakdown

Principal: $35,000

Interest: $10,581

Pro Tips

•Run multiple scenarios with different values to understand your options
•Bookmark or share your results to reference later
•Check the FAQ section below for answers to common questions

Common Mistakes

•Not accounting for inflation over long time periods
•Forgetting to include all relevant fees and costs
•Using estimates when actual numbers are available

What's Next?

Loans Guide

Learn more about loans strategies

Related Calculators

Explore more tools for your financial planning

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Sources & Accuracy

Last updated: January 13, 2025

Reviewed by: CalcGrid Editorial Team

Data Sources:

Federal Student Aid(2025)

Learn more about how we calculate and our editorial standards.

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