Student Loan Calculator
Calculate your monthly student loan payment, including interest accrued during a grace period.
Assumptions used in this calculation
- Fixed-rate amortizing loan: Assumes a fixed interest rate for the full repayment term, income-driven repayment plans aren't modeled.
About this calculator
Calculate your monthly student loan payment from the loan amount, interest rate and repayment term, including any interest that capitalizes onto your balance during a grace or deferment period.
Worked example
$30,000 loan, 6% rate, 10-year term, 6-month grace period
Result: Monthly payment ≈ $335
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