Student Loan Calculator
Estimate your monthly payments, compare repayment strategies, and plan your financial future with our comprehensive student loan calculator.
Loan Details
Calculation Settings
Loan Repayment Summary
How to Use This Student Loan Calculator
- Enter the details for each of your student loans, including the loan amount and interest rate.
- Choose whether you want to calculate based on a fixed monthly payment or a desired payoff timeline.
- Select a repayment strategy: standard, snowball (paying off smallest loans first), or avalanche (paying off highest interest loans first).
- View your repayment summary and visualize your loan payoff journey.
- Experiment with different scenarios to find the best repayment strategy for your situation.
Understand Your Student Loan Options
Choosing the right repayment strategy can save you money and help you become debt-free faster. Learn more about your options:
Frequently Asked Questions
How accurate is this student loan calculator?
Our calculator provides estimates based on the information you input. For the most accurate results, make sure to enter the exact loan amounts and interest rates from your loan statements.
Can I use this calculator for both federal and private student loans?
Yes, this calculator can be used for both federal and private student loans. Simply enter the details for each loan separately.
What's the difference between the snowball and avalanche repayment methods?
The snowball method focuses on paying off the smallest loans first, while the avalanche method prioritizes loans with the highest interest rates. Learn more about these strategies on our Repayment Strategies page.