Loan Calculator — Student Loan
Student loans tend to carry lower fixed rates and longer ten-year standard repayment schedules than personal loans. This page pre-fills a larger balance, a lower rate, and a ten-year term to estimate the monthly payment and lifetime interest of fixed-rate education debt under a standard plan.
Monthly loan payment estimate
Estimated payment, per month
$340.64
Cost over the full term
Estimate using fixed-rate amortization with equal monthly payments. It does not model origination fees, payment protection, or variable rates. Not a loan offer or APR quote.
How fixed student loans repay
Fixed-rate student loans usually carry lower rates than personal loans and a standard ten-year repayment schedule. This page pre-fills a larger balance, a lower rate, and a ten-year term to estimate the monthly payment and lifetime interest of education debt on a standard plan.
The standard plan minimizes total interest among the common fixed options; income-driven and extended plans lower the monthly payment but stretch the term and raise total interest. Federal loans also differ from private ones in protections this simple estimate does not model.
Questions
- Does this model income-driven repayment?
- No. It assumes a standard fixed-rate, fixed-term schedule. Income-driven plans tie the payment to your income and can change total interest substantially; use your servicer's tools for those.
- Are federal and private student loans the same here?
- For the raw payment math, yes — both amortize the same way. But federal loans carry protections and rate rules this estimate does not capture, so treat private-loan figures as the closer match to this calculation.
More ways to use this calculator
Start with the main loan calculator or compare the other published scenarios.
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