justyourcalculatorStudent Loan Calculator
Your student loan payment, payoff plan, and what you'll owe after school.
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Student Loan Calculator
Student loan payment, payoff and projection
Standard federal plan: 10 years.
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How the student loan calculator works
Student loans are repaid like any installment loan: payment = balance × r / (1 - (1 + r)^-n), with r the monthly rate. The standard federal plan is 10 years of fixed payments.
Unsubsidized loans build interest from the day they're paid out, including in school and the 6-month grace period. That interest is added to the balance (capitalized) when repayment starts. On subsidized loans the government covers interest while you're in school.
Extra payments cut the balance directly. Federal loans have no prepayment penalty.
Using and checking your result
Published by JustYourCalculator. Check the units and assumptions above, and compare a known example before relying on the output. Calculations use browser arithmetic and may round displayed values.
This is an educational estimate, not a lender quote, tax filing calculation or investment recommendation. Actual costs depend on current rules, fees and your circumstances. Verify important decisions with official sources and a qualified adviser.
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