Student Loan Calculator

Advanced Student Loan Calculator

Plan your student loan repayment strategy with detailed amortization and payment breakdown

Loan Details

Enter your student loan information to calculate payments

Total Loan Amount

$

$5,000 $200,000

Interest Rate

%

1% 15%

Loan Term

years

5 years 30 years

Repayment Plan

📅

Standard

10-year fixed payments

⏳

Extended

Up to 25 years

📈

Graduated

Payments increase over time

💰

Income-Based

10-15% of discretionary income

Extra Monthly Payment (Optional)

$

Your Loan Summary

$325.00

Equated Monthly Payment (EMI)

Monthly Payment Breakdown

Capital Repayment $225.00

Interest Payment $100.00

Total Installment $325.00

Remaining Balance $29,775.00

$9,000

Total Interest

$39,000

Total Amount Paid

10 years

Payoff Time

Jun 2033

Payoff Date

Payment Breakdown

Year 1 Year 3 Year 5 Year 7 Year 10

Payment Timeline

Amortization Schedule

Month	Payment	Principal	Interest	Total Interest	Balance

Student Loan Repayment Strategies

Avalanche Method

Pay off loans with the highest interest rates first to minimize total interest paid over time.

Snowball Method

Pay off smallest loans first for psychological wins and motivation to continue paying down debt.

Refinancing

Consider refinancing to a lower interest rate if you have good credit and stable income.