Student Loan Payment Calculator
See the monthly payment and total interest on a student loan under 10-, 15-, 20- and 25-year repayment terms.
Your numbers
- Total interest
- $13,778
- Total paid
- $51,778
How the student loan payment calculator works
Payment = P·r / (1 − (1 + r)^−n). Longer terms lower the payment but increase total interest.
Example
Using the default inputs (Loan balance: $38,000; Interest rate: 6.5%; Your planned term (years): 10), the calculator returns monthly payment of $431. Change any field above to see your own result and charts update instantly.
Good for these goals
Frequently asked questions
What is the standard repayment term?
Ten years for federal loans, though income-driven plans can extend to 20–25 years.
Should I refinance?
Refinancing federal loans gives up protections like income-driven repayment and forgiveness.
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Estimates are for educational purposes only and are not financial, tax or legal advice. Results depend on your inputs and simplified assumptions; tax figures reflect 2026 federal rules and may differ from your situation. See our disclaimer. © 2026 FinanzCalc.