Student Loan Payment Calculator
Estimate your monthly student loan payment — and the total interest over the repayment term.
Annual rate (APR).
Monthly payment
$388.57Total interest
$11,628.61Over 120 payments
Total repaid
$46,628.61Private — runs entirely in your browser. Nothing is sent or stored.
This tool is for education and planning only. It is not financial advice. Your inputs run in your browser and are not stored by Recurrings.
For a standard repayment plan
This models a fixed-rate loan repaid in equal monthly payments over the term you set — the standard amortized plan, and the right tool for refinanced or private loans. Enter your balance, rate, and years to see the monthly payment and the total interest over the life of the loan.
A note: income-driven and some federal plans don't follow simple amortization — payments track your income and the rules change — so this estimate won't match those. It's built for fixed-rate, standard repayment.
How this fits into your recurring money
A student loan is one of the longest recurring commitments there is — often a decade of fixed monthly payments. Spread over that long, it's easy to stop seeing; but it sets the floor under every budgeting decision for years.
Recurrings keeps it in view the whole time — the payment alongside your rent, subscriptions, and bills — so the commitment is a number you track, not one you forget you're carrying.
The math
payment = P · r · (1 + r)^n / ((1 + r)^n − 1)
r = annual rate ÷ 12, n = years × 12The standard amortization formula sizes the payment so the balance is cleared over the term. Paying extra toward principal, or refinancing to a lower rate, both cut the total interest — a shorter term saves the most but raises the monthly payment.
An estimate for fixed-rate plans — not financial advice, and not a match for income-driven federal repayment.
Common questions
Does this work for a standard repayment plan?
Yes — it models a fixed-rate loan paid off over the term you enter (the standard amortized plan). Enter your balance, rate, and years to see the monthly payment and total interest.
What about income-driven or federal plans?
Those don't follow simple amortization — payments are tied to income and rules change, so this estimate won't match them. It's best for fixed-rate loans on a standard or refinanced plan.
How do I lower the total interest?
Paying extra toward principal or refinancing to a lower rate both cut total interest. A shorter term raises the monthly payment but saves the most overall.
Related free tools
Personal Loan Payment Calculator
Your monthly personal loan payment and total interest.
Auto Loan Payment Calculator
Your monthly car payment, total interest, and total cost.
Monthly Recurring Expense Calculator
Every recurring expense in one monthly and yearly total.
Cancel Unused Subscriptions Calculator
What you'd save by cancelling subscriptions you don't use.
Years of payments, in one number
Recurrings keeps your student loan in the same picture as everything else that repeats — so the long commitment stays visible.
recurrings.ai is in private beta. No card required.