Loan interest calculator
- how is interest calculated on student loans
- how is interest calculated on student loans uk
- how is interest charged on student loans
- are student loans compound interest
Student loan interest rates 2024
Is student loan interest monthly or yearly.
Student Loan Calculator
Simple Student Loan Calculator
Please provide any three values below to calculate.
Result
| Repayment: | $345.24/month |
| Total Interest: | $11,428.92 |
| Total Payments: | $41,428.92 |
Student Loan Repayment Calculator
Use the calculator below to evaluate the student loan payoff options, as well as the interest to be saved.
The remaining balance, monthly payment, and interest rate can be found on the monthly student loan bill.
Pay off in 6 years and 2 months
The remaining term of the loan is 9 years and 10 months.
By paying an extra $150.00 per month, the loan will be paid off in 6 years and 2 months. It is 3 years and 8 months earlier. This results in savings of $4,421.28 in interest payments.
If Pay Extra $150.00 per month
| Remaining Term | 6 years and 2 months |
| Total Payments | $36,767.26 |
| Total Interest | $6,767.26 |
The Original Payoff Schedule
| Remaining Term | 9 years and 10 months |
| Total Payments | $41,188.54 |
| Total Interest | $11,188.54 |
Student Loan Projection Calculator
Use the calculator below to
- how is interest rate calculated on student loans
- how is monthly interest calculated on student loans