Student Loan Repayment Calculator

This calculator will estimate your monthly student loan payment in order to help you realistically determine how much you can afford to borrow.

To use the calculator:

  1. Enter the number of payments (typically 120, i.e., 120 months -- 10-year repayment)
  2. Enter your loan balance (the valid range is $1,000 to $150,000 dollars), and
  3. Choose an interest rate
You must have JavaScript enabled in your browser.
Number of payments:
Interest rate:
Total loan balance (including any interest):
Your monthly payment is:
Calculate