Student Loan Payment Calculator
Standard-plan P&I — not SAVE, IBR, or PSLF. Click any i for detail.
Loan
Balance ($)
i
Balance
Current principal. |
|
|---|---|
APR (%)
i
Rate
Weighted average rate if you have several loans. |
|
Term (years)
i
Term
Standard federal repayment is often 10 years. |
|
Extra / month ($)
i
Extra
Additional principal. 0 if none. |
How to use this calculator
- Enter balance and rate.
- Use 10 years for a standard-plan sketch.
- Add extra principal to see a shorter payoff.
- For a refinance quote, use student loan refinance.
Results explained
Same amortizing PMT as other installment loans. IDR plans use discretionary income formulas that this page does not encode.
Quick reference: student loans
Standard 10-year vs extended 20–25-year terms trade payment vs interest.
| Item | Detail |
|---|---|
| Standard | Often 10 years |
| Extended | Longer term, more interest |
| IDR / SAVE / IBR | Not this page |
| Refinance | Private terms — other calculator |
Multiple loans: enter one weighted rate or run each loan.
How the estimate is built
Standard PMT from r = APR/12 and n = years×12. Extra principal is simulated on top.
Example scenario
$35,000 at 6.5% for 10 years is roughly a low-$400s standard payment in this sketch.
FAQ
Will this match StudentAid.gov?
Only if you are on a standard amortizing plan with the same rate and term. IDR will not match.
Capitalized interest?
Start from the current capitalized balance.
Refinance instead?
Student loan refinance calculator compares a new private rate.