Student Loan Repayment Calculator 🎓

Estimate your **monthly student loan payment** under the Standard Repayment Plan, total interest, and visualize the full repayment schedule.

Student Loan Repayment Inputs

Key Features of This Calculator

**Flexible Terms:** Compare the cost difference between 10-year Standard and longer Extended plans.
**Accelerated Payment Option:** See the savings from bi-weekly payments.
**Cost Breakdown:** Understand how much of your payment goes to interest versus principal.
**Educational Planning:** Use your calculated payment for future budget planning.

Student Loan Amortization Method

This calculation uses the standard fixed-rate amortization formula, applicable to most federal and private student loans under a fixed-term plan.

The Payment Formula

M = P [ i(1 + i)ⁿ / ( (1 + i)ⁿ - 1 ) ]

Where:
M = Payment Amount
P = Total Loan Balance (Principal)
i = Interest Rate per Period (Annual Rate / Payments per Year / 100)
n = Total number of Payments (Term in Years × Payments per Year)

Amortization Schedule (First 5 Years)

Year	Opening Balance	Interest Paid	Principal Paid	Closing Balance
Enter loan details and click Calculate.

Mastering Your Student Loan Repayment Strategy

Student loans represent a long-term commitment. Using a repayment calculator is essential for understanding your financial obligations and exploring strategies, like making extra payments or refinancing, to save thousands of dollars in interest and achieve financial freedom faster. This calculator models the most common fixed-term repayment methods.

Subsidized vs. Unsubsidized Interest (H4 for deep dive)

**Subsidized loans** are often more favorable because the government pays the interest while you are in school, during the grace period, and during deferment. **Unsubsidized loans** accrue interest from the moment they are disbursed. If you have multiple loans, use a *weighted average interest rate* in the calculator for the most accurate overall payment estimate.

The 10-Year Standard Plan (H4 for key plan)

The **10-Year Standard Repayment Plan** is the default for most federal student loans and usually results in the lowest total interest paid compared to other plans (like Graduated or Extended). While the monthly payments are higher, the shorter term ensures you pay off your debt quickly and efficiently.