Student Loan Repayment Calculator
See your monthly payment, payoff time, and total interest, with optional extra payments
$325.58
Standard Monthly Payment
10y 0m
Payoff Time (with extra payments)
$9,069
Total Interest Paid
This models standard fixed repayment. Federal income-driven repayment plans (IBR, SAVE, PAYE, etc.) use a completely different, income-based formula — check studentaid.gov for those specifically.
What is this tool?
Calculates a student loan's standard monthly payment, payoff time, and total interest, and models how paying extra each month changes both the payoff time and total interest paid.
How to use it
Enter your loan balance, interest rate, and term, and your standard payment is calculated. Add an optional extra monthly payment amount to see the payoff time and interest savings.
This models standard fixed repayment — federal income-driven repayment plans use a completely different, income-based formula, so check studentaid.gov directly if you're on or considering one of those plans.
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