Student Loan Calculator
Monthly Payment & Payoff Estimator
Quick Plan Presets
Loan Details
$30,000
$1K$50K$100K$150K
6.53%
0%5%10%15%20%
10 years
1 yr10 yr20 yr30 yr
Monthly Payment
$338.69
Paid off by —
$0
Total Interest
$0
Total Paid
Principal 0%
Interest 0%
Principal: $0
Interest: $0
Yearly Amortisation
| Year | Principal Paid | Interest Paid | Balance |
|---|
2024–25 Federal Rates:
Undergrad Subsidised/Unsubsidised: 6.53% | Grad Unsubsidised: 8.08% | PLUS: 9.08%
Frequently Asked Questions
How is my monthly student loan payment calculated?
Using M = P × r(1+r)ⁿ / ((1+r)ⁿ−1), where P is principal, r is monthly interest rate, n is total months.
What are the 2024–25 federal student loan rates?
Undergrad: 6.53%, Grad Unsubsidised: 8.08%, PLUS: 9.08%.
How can I pay less interest overall?
Choose a shorter term, make extra principal payments, or refinance at a lower rate.
Subsidised vs unsubsidised — what is the difference?
Government pays interest on subsidised loans while you are in school. Unsubsidised loans accrue interest from the day they are disbursed.