Student Loan Calculator
Works out the standard fixed payment on a student loan.
Monthly payment
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Share sends a link that reopens these numbers. Copy details pastes the full breakdown as a list.
Total interest —
Total paid —
Year by year
The formula
payment = P × i ÷ (1 − (1 + i)^−n)
A fixed payment covers each month’s interest and pays off some principal. Early payments carry the most interest, later ones mostly principal.
What to watch out for
Income-based repayment plans vary by country and change often, so they are not modelled. This shows a standard fixed plan.
Frequently Asked Questions
How much is the payment on 30,000 at 6% over 10 years?
333.06 a month, with 9,967.38 in interest overall.