Student Loan Payment Calculator
Estimate fixed-rate student loan payments and interest; not an income-driven repayment tool.
Estimate fixed-rate student loan payments
Monthly installments, total interest, and amortization
Illustrative amount; calculator limits are not lending eligibility limits.
Methodology and assumptions
Monthly payment = P × r ÷ [1 − (1 + r)^(−n)], where P is the loan amount, r is the annual rate divided by 1,200, and n is the number of monthly payments. At 0% APR, payment = P ÷ n. Total repaid = payment × n; total interest = total repaid − P.
This estimate treats your APR as a fixed nominal annual rate with monthly interest and payments at the end of each month. Fees, insurance, taxes, variable-rate changes, and extra payments are excluded unless a tool explicitly includes them. A disclosed APR can include fees and may differ from the contractual interest rate. Values are rounded for display only. Estimates are not lending offers.
Example: $10,000 at 15% for 36 months is approximately $346.65 per month, $2,479.52 in interest, and $12,479.52 repaid, assuming no fees.
Monthly amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $340.64 | $178.14 | $162.50 | $29,821.86 |
| 2 | $340.64 | $179.11 | $161.54 | $29,642.75 |
| 3 | $340.64 | $180.08 | $160.56 | $29,462.67 |
| 4 | $340.64 | $181.05 | $159.59 | $29,281.61 |
| 5 | $340.64 | $182.04 | $158.61 | $29,099.58 |
| 6 | $340.64 | $183.02 | $157.62 | $28,916.56 |
| 7 | $340.64 | $184.01 | $156.63 | $28,732.54 |
| 8 | $340.64 | $185.01 | $155.63 | $28,547.54 |
| 9 | $340.64 | $186.01 | $154.63 | $28,361.52 |
| 10 | $340.64 | $187.02 | $153.62 | $28,174.50 |
| 11 | $340.64 | $188.03 | $152.61 | $27,986.47 |
| 12 | $340.64 | $189.05 | $151.59 | $27,797.42 |
| 13 | $340.64 | $190.07 | $150.57 | $27,607.35 |
| 14 | $340.64 | $191.10 | $149.54 | $27,416.24 |
| 15 | $340.64 | $192.14 | $148.50 | $27,224.10 |
| 16 | $340.64 | $193.18 | $147.46 | $27,030.92 |
| 17 | $340.64 | $194.23 | $146.42 | $26,836.70 |
| 18 | $340.64 | $195.28 | $145.37 | $26,641.42 |
| 19 | $340.64 | $196.34 | $144.31 | $26,445.08 |
| 20 | $340.64 | $197.40 | $143.24 | $26,247.68 |
| 21 | $340.64 | $198.47 | $142.17 | $26,049.21 |
| 22 | $340.64 | $199.54 | $141.10 | $25,849.67 |
| 23 | $340.64 | $200.62 | $140.02 | $25,649.05 |
| 24 | $340.64 | $201.71 | $138.93 | $25,447.33 |
| 25 | $340.64 | $202.80 | $137.84 | $25,244.53 |
| 26 | $340.64 | $203.90 | $136.74 | $25,040.63 |
| 27 | $340.64 | $205.01 | $135.64 | $24,835.62 |
| 28 | $340.64 | $206.12 | $134.53 | $24,629.50 |
| 29 | $340.64 | $207.23 | $133.41 | $24,422.27 |
| 30 | $340.64 | $208.36 | $132.29 | $24,213.91 |
| 31 | $340.64 | $209.49 | $131.16 | $24,004.43 |
| 32 | $340.64 | $210.62 | $130.02 | $23,793.81 |
| 33 | $340.64 | $211.76 | $128.88 | $23,582.05 |
| 34 | $340.64 | $212.91 | $127.74 | $23,369.14 |
| 35 | $340.64 | $214.06 | $126.58 | $23,155.08 |
| 36 | $340.64 | $215.22 | $125.42 | $22,939.86 |
| 37 | $340.64 | $216.39 | $124.26 | $22,723.47 |
| 38 | $340.64 | $217.56 | $123.09 | $22,505.91 |
| 39 | $340.64 | $218.74 | $121.91 | $22,287.17 |
| 40 | $340.64 | $219.92 | $120.72 | $22,067.25 |
| 41 | $340.64 | $221.11 | $119.53 | $21,846.14 |
| 42 | $340.64 | $222.31 | $118.33 | $21,623.83 |
| 43 | $340.64 | $223.51 | $117.13 | $21,400.31 |
| 44 | $340.64 | $224.73 | $115.92 | $21,175.59 |
| 45 | $340.64 | $225.94 | $114.70 | $20,949.65 |
| 46 | $340.64 | $227.17 | $113.48 | $20,722.48 |
| 47 | $340.64 | $228.40 | $112.25 | $20,494.08 |
| 48 | $340.64 | $229.63 | $111.01 | $20,264.45 |
| 49 | $340.64 | $230.88 | $109.77 | $20,033.57 |
| 50 | $340.64 | $232.13 | $108.52 | $19,801.44 |
| 51 | $340.64 | $233.39 | $107.26 | $19,568.05 |
| 52 | $340.64 | $234.65 | $105.99 | $19,333.40 |
| 53 | $340.64 | $235.92 | $104.72 | $19,097.48 |
| 54 | $340.64 | $237.20 | $103.44 | $18,860.28 |
| 55 | $340.64 | $238.48 | $102.16 | $18,621.80 |
| 56 | $340.64 | $239.78 | $100.87 | $18,382.02 |
| 57 | $340.64 | $241.07 | $99.57 | $18,140.95 |
| 58 | $340.64 | $242.38 | $98.26 | $17,898.57 |
| 59 | $340.64 | $243.69 | $96.95 | $17,654.87 |
| 60 | $340.64 | $245.01 | $95.63 | $17,409.86 |
| 61 | $340.64 | $246.34 | $94.30 | $17,163.52 |
| 62 | $340.64 | $247.67 | $92.97 | $16,915.85 |
| 63 | $340.64 | $249.02 | $91.63 | $16,666.83 |
| 64 | $340.64 | $250.37 | $90.28 | $16,416.46 |
| 65 | $340.64 | $251.72 | $88.92 | $16,164.74 |
| 66 | $340.64 | $253.08 | $87.56 | $15,911.66 |
| 67 | $340.64 | $254.46 | $86.19 | $15,657.20 |
| 68 | $340.64 | $255.83 | $84.81 | $15,401.37 |
| 69 | $340.64 | $257.22 | $83.42 | $15,144.15 |
| 70 | $340.64 | $258.61 | $82.03 | $14,885.54 |
| 71 | $340.64 | $260.01 | $80.63 | $14,625.52 |
| 72 | $340.64 | $261.42 | $79.22 | $14,364.10 |
| 73 | $340.64 | $262.84 | $77.81 | $14,101.26 |
| 74 | $340.64 | $264.26 | $76.38 | $13,837.00 |
| 75 | $340.64 | $265.69 | $74.95 | $13,571.30 |
| 76 | $340.64 | $267.13 | $73.51 | $13,304.17 |
| 77 | $340.64 | $268.58 | $72.06 | $13,035.59 |
| 78 | $340.64 | $270.03 | $70.61 | $12,765.56 |
| 79 | $340.64 | $271.50 | $69.15 | $12,494.06 |
| 80 | $340.64 | $272.97 | $67.68 | $12,221.09 |
| 81 | $340.64 | $274.45 | $66.20 | $11,946.65 |
| 82 | $340.64 | $275.93 | $64.71 | $11,670.71 |
| 83 | $340.64 | $277.43 | $63.22 | $11,393.29 |
| 84 | $340.64 | $278.93 | $61.71 | $11,114.36 |
| 85 | $340.64 | $280.44 | $60.20 | $10,833.91 |
| 86 | $340.64 | $281.96 | $58.68 | $10,551.95 |
| 87 | $340.64 | $283.49 | $57.16 | $10,268.47 |
| 88 | $340.64 | $285.02 | $55.62 | $9,983.44 |
| 89 | $340.64 | $286.57 | $54.08 | $9,696.88 |
| 90 | $340.64 | $288.12 | $52.52 | $9,408.76 |
| 91 | $340.64 | $289.68 | $50.96 | $9,119.08 |
| 92 | $340.64 | $291.25 | $49.40 | $8,827.83 |
| 93 | $340.64 | $292.83 | $47.82 | $8,535.00 |
| 94 | $340.64 | $294.41 | $46.23 | $8,240.59 |
| 95 | $340.64 | $296.01 | $44.64 | $7,944.58 |
| 96 | $340.64 | $297.61 | $43.03 | $7,646.97 |
| 97 | $340.64 | $299.22 | $41.42 | $7,347.75 |
| 98 | $340.64 | $300.84 | $39.80 | $7,046.91 |
| 99 | $340.64 | $302.47 | $38.17 | $6,744.43 |
| 100 | $340.64 | $304.11 | $36.53 | $6,440.32 |
| 101 | $340.64 | $305.76 | $34.89 | $6,134.56 |
| 102 | $340.64 | $307.42 | $33.23 | $5,827.15 |
| 103 | $340.64 | $309.08 | $31.56 | $5,518.07 |
| 104 | $340.64 | $310.75 | $29.89 | $5,207.31 |
| 105 | $340.64 | $312.44 | $28.21 | $4,894.87 |
| 106 | $340.64 | $314.13 | $26.51 | $4,580.74 |
| 107 | $340.64 | $315.83 | $24.81 | $4,264.91 |
| 108 | $340.64 | $317.54 | $23.10 | $3,947.37 |
| 109 | $340.64 | $319.26 | $21.38 | $3,628.11 |
| 110 | $340.64 | $320.99 | $19.65 | $3,307.12 |
| 111 | $340.64 | $322.73 | $17.91 | $2,984.39 |
| 112 | $340.64 | $324.48 | $16.17 | $2,659.91 |
| 113 | $340.64 | $326.24 | $14.41 | $2,333.67 |
| 114 | $340.64 | $328.00 | $12.64 | $2,005.67 |
| 115 | $340.64 | $329.78 | $10.86 | $1,675.89 |
| 116 | $340.64 | $331.57 | $9.08 | $1,344.32 |
| 117 | $340.64 | $333.36 | $7.28 | $1,010.96 |
| 118 | $340.64 | $335.17 | $5.48 | $675.79 |
| 119 | $340.64 | $336.98 | $3.66 | $338.81 |
| 120 | $340.64 | $338.81 | $1.84 | $0.00 |
For example only. Figures are illustrative and do not represent an offer of credit. Actual APR, terms, fees, and monthly payments come from our lending partners after a soft-pull rate check, and depend on your credit profile, income, loan amount, term, and state of residence.
Models a fully amortizing fixed-rate loan only. Excludes deferment, in-school interest, subsidies, forgiveness, and income-driven repayment. This marketplace does not offer student loans through this calculator.
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