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Student Loan Calculator

Estimate the monthly payment and total cost of a student loan.

Your details

Monthly payment
$333.06
Total interest
$9,967.38
Total cost
$39,967.38

Principal vs interest

$40.0KTotal
Principal
$30,000.0075%
Interest
$9,967.3825%
Monthly payment$333.06

Formula

Amortized payment M = P·r(1+r)^n / ((1+r)^n − 1).

Sources & methodology

Last updated: 2026-07-19

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