Student Loan Repayment Calculator

Student Loan Repayment Calculator

Easily estimate the total interest and payments on your student loan with our Student Loan Repayment Calculator. By entering your loan amount, interest rate, loan term, and monthly payment, you can see how much interest you’ll pay over time and how adjusting your payments can affect your overall cost. This tool helps you plan better by showing the impact of different repayment strategies, ensuring you're on the right track to managing your student loan debt efficiently. Follow these simple steps to use the calculator:

1. Enter Loan Amount – Input the total amount of your student loan

2. Enter Annual Interest Rate – Provide the interest rate for your loan

3. Enter Loan Term – Specify how many years you plan to take to repay the loan

4. Enter Monthly Payment – Input the amount you plan to pay each month

5. Calculate – Click the "Calculate Interest and Total Payment" button to see how much interest you’ll pay and the total payment over time

This tool helps you make informed decisions, showing how changing your payments can reduce your overall costs.