Student Loan Calculator
Calculate your student loan payments, total interest, and loan costs. Plan your education financing with confidence.
Student Loan Calculator
Monthly Payment
$271
After 6-month grace period
Total Payment
$32,558
Total Interest
$7,558
Loan Summary
Principal:$25,000
Interest Rate:5.5%
Loan Term:120 months
Grace Period:6 months
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