Student Loan Repayment Calculator

Use our Student Loan Repayment Calculator to plan how you will pay off a fixed-rate student loan.

Enter the balance and interest rate, and the months before repayment starts — while you are in school, in a grace period or in deferment — with how interest is handled in that time: added to the balance, paid as it builds up, or not charged.

Find the monthly payment for a repayment term, and see how much time and interest an extra payment each month would save, or find how long a payment you choose would take.

The calculator shows the interest before and during repayment, the total you will pay, and every payment in the schedule. It does not model income-driven or graduated plans, or loan forgiveness. To plan several loans and cards at once, use our Debt Payoff Calculator; to see whether a lower rate from a new lender would pay off, our Loan Refinance Calculator.