Step-by-step instructions
- Enter or select Loan balance.
- Enter or select APR (%).
- Enter or select Repayment term (months).
- Tap Calculate.
- Review the result shown directly below the calculator.
Student Loan Calculator
Estimate monthly student loan payment.
How to use the Student Loan Calculator
Estimate monthly student loan payment.
What the inputs mean
- Loan balance
- Enter the value requested by this field label.
- APR (%)
- Enter the percentage value requested by the calculator.
- Repayment term (months)
- Enter the value requested by this field label.
Formula or calculation method
The standard amortizing-loan payment formula uses the loan amount, periodic interest rate, and number of payments.
Example
Try entering realistic values for Loan balance and APR (%), then tap Calculate to see how the result changes.
How to understand the result
The result estimates the periodic payment based on the information entered. Actual lender payments can differ because of fees, taxes, insurance, or rounding.
Tip: Keep all values in compatible units and use values from the same time period when the calculator compares two amounts.