Student Loan Calculator

Estimate student loan payments, interest, and total cost.

Student Loan Calculator helps you estimate student loan payments, interest, and total cost. Enter loan amount, annual rate, and term, review the breakdown, and use the guidance below to understand what the number means — and what it does not. What the Student loan calculator does Student Loan Calculator is built for money decisions — loans, savings, payments, and taxes. Estimate student loan payments, interest, and total cost. You enter loan amount, annual rate, and term, then Simple Calculators computes the result instantly. Rates, fees, and tax rules vary by lender and country, so treat results as planning numbers, not a contract. How the math works Enter the Loan amount, Annual rate and Term in years. The monthly payment uses the standard loan formula: payment = amount × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the annual rate ÷ 12 and n is the number of monthly payments. It assumes a fixed rate and equal payments from the start, so it does not model grace periods, deferment, income-driven repayment plans or loan forgiveness. The formula: M = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). P is the amount borrowed, r is the monthly interest rate (annual rate ÷ 12) and n is the number of…