Student Loan Estimator
Estimate total student loan debt and monthly payments based on tuition, grants, interest rate, and repayment term.
Inputs
$
%
$
years
Summary
Total Borrowed
$80,000.00
Monthly Payment$868.21
Total Repaid$104,185.23
Total Interest$24,185.23
Debt-to-Income20.8% of $50k salary
Loan Balance Over Time
How to Use This Calculator
- Enter your Annual Tuition and the number of Years of School (e.g., 4 for a bachelor's degree).
- Set the Interest Rate — federal undergraduate loans are typically 5.50% for 2024–25.
- Add your Annual Grants/Scholarships so the calculator reduces the loan principal accordingly.
- Choose your Repayment Term (10 years is the standard federal plan; longer terms lower monthly payments but increase total interest).
- Review Total Borrowed, Monthly Payment, and Total Interest to understand the full cost of borrowing.
- Check the Loan Balance Over Time chart to see how your balance decreases year by year.
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