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Student Loan Calculator

This calculator helps borrowers understand the financial commitments involved in a particular loan based on the initial amount of the loan, the interest rate and the loan term. By entering this information, you will receive an estimated monthly payment amount that you must pay each month in order to fully satisfy your loan.

When borrowing for college, it is important to know if you are financially able to handle the monthly payments that are required to pay off the loan within the term of the loan. This calculator allows you to determine what the minimum monthly payment will cost you. 

$
Must contain a number greater than 0 and less than 1 million ($).
%
Must contain a number greater than 0 and less than 100 (%).
years
Must contain a number between 1 and 30 (years).
$
Must contain a number between 0 and 99,999 ($)

Results

You would need to make {{resultPaymentMonthlyCount}} payments of ${{resultPaymentMonthlyAmount}}.

You will have paid a total of ${{resultTotal}} and of this amount, ${{resultInterestAmount}} or {{resultInterestPercentage}}% is the amount of interest paid.

Please remember when talking about college loans, you have to plan for the entire number of years the student will be in college.