Student Loan Calculator
Calculate your student loan payments, total interest, and loan costs. Plan your education financing with confidence.
Understanding Student Loans
Student loans are designed to help cover the costs of higher education, including tuition, room and board, books, and other educational expenses.
Types of Student Loans
- Federal Student Loans: Offered by the government with fixed interest rates
- Private Student Loans: Offered by banks and credit unions
- Subsidized Loans: Government pays interest while in school
- Unsubsidized Loans: Interest accrues while in school
Repayment Options
- Standard Repayment: Fixed monthly payments over 10 years
- Income-Driven Repayment: Payments based on income and family size
- Graduated Repayment: Payments start low and increase over time
- Extended Repayment: Extended term up to 25 years