Student Loan Calculator
Monthly payment, total interest, and payoff for your student loans.
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Your Results
Monthly payment$379.84
Total interest$10,581.04
Total paid$45,581.04
Federal student loans use simple daily interest; private loans may compound. This is an amortized estimate.
Frequently Asked Questions
Should I refinance my student loans?
Refinancing can lower your rate if your credit is strong, but you lose federal protections like income-driven repayment and forgiveness programs. Compare your options before switching.
How is student loan interest calculated?
Federal loans accrue simple interest daily based on your rate. This calculator estimates an amortized payment schedule, which is close for private loans and helpful for planning either way.
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