Calculate the monthly payment and interest on a student loan.
A student loan is repaid in equal installments that blend principal and interest over the term. The longer the term or higher the rate, the more total interest is paid. Planning student loan payments before leaving school clarifies the real cost of the debt and which repayment term fits.
Student Loan Payment
Payment = P x m x (1+m)^n / ((1+m)^n - 1)
Payment = P x m x (1+m)^n / ((1+m)^n - 1) A student loan is repaid in equal installments that blend principal and interest over the term. The longer the term or higher the rate, the more total interest is paid.
Planning student loan payments before leaving school clarifies the real cost of the debt and which repayment term fits.
This calculator takes 3 inputs: Loan amount, Annual rate, Years. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.