Student Loan Calculator

Calculate your monthly student loan payment and see your total repayment cost.

Total Loan Amount

Interest Rate

Loan Term

Repayment Plan

Rates for loans first disbursed on or after July 1, 2024

Fixed monthly payments over 10 years. Pays the least interest overall.

Payments start low and increase every 2 years. Good if you expect income to grow.

Fixed or graduated payments over up to 25 years. Lower monthly payment, more interest.

Payment based on income and family size. May qualify for forgiveness after 20-25 years.

$397.95

Total Payment$47,754

Total Interest$12,754

Payoff DateDecember 2035

Total Cost Breakdown

Principal: $35,000Interest: $12,754

• Pay more than the minimum when possible

• Consider refinancing if you have good credit

• Set up autopay for 0.25% rate reduction

• Check if you qualify for loan forgiveness programs