Student Loan Calculator
Calculates the monthly payment and total interest on a student loan.
Every calculation runs instantly in your browser, so your inputs are never sent to a server, and the tool is free with no sign-up. You can save the results as an Excel file with live formulas and reuse them later.
Inputs
- Loan balance ($)
- Interest rate (%)
- Repayment term (months)
Example calculation
Monthly payment: $333.06
| Total of payments | $39,967 |
|---|---|
| Total interest | $9,967 |
Method & notes
Standard fixed repayment. Income-driven plans differ. Estimate.
Tips
Change any input and the result recalculates in real time. After downloading the Excel file, you can reuse it by editing only the yellow input cells.
FAQ
How does the Student Loan Calculator work?
Calculates the monthly payment and total interest on a student loan. Standard fixed repayment. Income-driven plans differ. Estimate.
Can I save the results?
Yes. You can download the results for free as an Excel (.xlsx) file with live formulas that recalculate when you change the yellow input cells.
Is it free?
Yes — all Calcova calculators are free, and you can save results as an Excel file.