Student Loan Estimator

Estimate total student loan debt and monthly payments based on tuition, grants, interest rate, and repayment term.

This calculator estimates student loan debt the way a standard amortizing loan works: Total Borrowed is the net cost after subtracting Annual Grants/Scholarships from Annual Tuition, multiplied by Years of School, and the Monthly Payment is derived from that principal using the standard loan-amortization formula at the given Interest Rate and Repayment Term. Raising Annual Tuition always raises Total Borrowed, and raising Annual Grants/Scholarships always lowers it, since grants subtract directly from the amount financed each year -- the two inputs pull the loan principal in opposite directions. Repayment Term has no effect on Total Borrowed at all, since that figure is fixed the moment you finish borrowing; what it does affect is the Monthly Payment, which drops as the term lengthens, since the same principal is spread over more months. Raising Interest Rate always raises Total Interest, since a higher rate means a larger share of every payment goes toward interest rather than principal before the balance is paid off. The Debt-to-Income figure is a rough planning reference against a fixed assumed salary, not a personalized affordability calculation -- use it as a starting point for gauging whether a payment could feel manageable, not as financial advice specific to your situation. This calculator assumes no interest accrues while you're enrolled -- true for subsidized federal loans, but unsubsidized loans and most private loans accrue interest from disbursement and capitalize it at repayment, so your real principal will likely be higher. If Annual Grants/Scholarships covers your full Annual Tuition or more, Total Borrowed floors at $0 rather than going negative.