Student loan calculator
Turn an interest rate into a real payment.
Model the same amount and term across offers so the cost difference becomes visible.
Estimated monthly payment$186
Estimated total repaid$22,317
Estimated total interest$7,317
Illustrative only. Assumes equal monthly payments, no fees, no deferment or capitalization, and no change to the entered rate.
How to use the estimate
A longer term often lowers the required monthly payment while increasing total interest. A shorter term usually does the reverse.
Compare with the same assumptions
Hold principal and term constant when comparing APRs. Then separately evaluate fees, variable-rate mechanics, in-school payments, cosigner rules, and hardship options.