Use our free Student Loan Calculator to quickly estimate your monthly payments, interest costs, and repayment timeline. Simple, fast, and accurate tool for students. Easily calculate your monthly student loan payments, total repayment, and interest with our free Student Loan Calculator. Plan your budget and repayment strategy with confidence.
Estimated Monthly Payment:
Steps to Use the Student Loan Calculator
Enter or adjust your loan amount using the slider.
Set the interest rate (%) applied annually.
Select the loan term (years) to match your repayment plan.
The calculator instantly shows your monthly repayment amount.
Use the result to plan your finances and compare repayment options.
Formula Used:
Monthly Payment (M) =
P × r / (1 - (1 + r)-n)
A Student Loan Calculator estimates your monthly repayment amount based on loan amount, interest rate, and term.
It provides a reliable estimate but actual payments may vary depending on lender policies and repayment plans.
This tool is for basic monthly repayment estimates. For extra payments and payoff timelines, use our Student Loan Repayment Calculator.
Yes, it works for both types as long as you know the interest rate and loan term.
It helps you budget monthly costs and compare different loan terms to choose the most affordable option.
Explore dozens of free, accurate, and easy-to-use tools for every academic need. Bookmark the Education Calculators Hub and simplify your school, college, or exam experience today!