Student Loan Calculator

Use this student loan calculator to estimate your monthly loan payment and see a breakdown of your payments over the life of the loan.

Repayment Report

Below is a summary of your repayment schedule for the loan you have selected.
The schedules calculated here are estimates only.

Student Loan Summary
Loan Type:
Stafford Loan - Unsubsidized
Loan Amount:
Interest Rate:
Repayment Term:
5 Years
Years Until Graduation:
6 Years
Repayment Plan:
Standard Repayment Plan
Monthly Payment:
Cost of the Loan:
Principal Paid:
Interest Paid:

Monthly Payment Schedule for Life of Loan

Month Principal Payment Interest Payment Total Payment Ending Balance
1 $250.00
$1,000.00 $1,250.00 $123,750.00
2 $250.00
$1,000.00 $1,250.00 $122,500.00
3 $300.00
$1,100.00 $1,400.00 $121,100.00
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Your loan type is the particular private student loan type based on your degree program.

Loan Type

Your loan type is the particular private student loan type based on your degree program.


The amount charged to borrow money over time. Typically you have the option to pay interest while in school or postpone your interest payments until entering repayment. Any unpaid interest will be capitalized - added to your principal balance - when repayment begins.


The original or unpaid amount of a loan upon which interest is calculated. It may include capitalized interest. Interest that remains unpaid at the end of an in-school period on private student loans will be capitalized - added to your principal balance - when repayment begins.

Loan Amount

The original amount borrowed for an individual loan, including any fees, if applicable.

Interest Rate

The amount charged to borrow money over time, expressed as an annual percentage of the principal amount owed. This calculator does not adjust for variable rates. Variable interest rates are tied to a rate index. If the index changes, your interest rate will change. If your interest rate increases, your monthly payments will increase.

Years Until Graduation

If you are a student, select the number of years you plan to be enrolled until you graduate. If you are a parent, select the number of years your student plans to be enrolled until graduating.

Monthly Payment

This is your estimated monthly payment which includes principal and interest when you pay equal installments each month. Student loans typically have a required minimum monthly payment of $50.00. If the estimated monthly payment is less than the minimum, your estimate will reflect $50.00 and your repayment term may be shortened.

Repayment Term

The amount of time the borrower is scheduled to repay the principal balance and interest on a loan.

You can make a payment at any time without penalty. Repayment terms may vary across lenders.

Loan Type Typical Repayment Terms
Private 15 to 20 years

Loan Information

View Rates

Provide Loan Information to Update Graph
Total Loan Cost
Interest Help Icon Interest Principal Help Icon Principal

IMPORTANT FACTS: This calculator provides estimates intended for use only as a planning guide. Results are based on a standard repayment plan, where you pay a fixed amount of principal and interest every month for a set number of months, based on your loan term, and assumes:

  • A fixed interest rate that will remain the same throughout the life of the loan;
  • No fees and no payments are applied toward principal or interest while in school or during your 6 or 9-month grace period;
  • Your final year of study is 9-months long; and
  • A minimum monthly payment amount of $50.00.

We do not guarantee the calculator's accuracy or applicability to your circumstances, and we encourage you to consult a qualified professional for assistance in analyzing your overall financial situation.

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