About StudentLoanCalc.com
StudentLoanCalc.com is a free, independent tool designed to help students, graduates, and families understand the true cost of student loan borrowing. Whether you are planning for college or managing existing debt, our calculator gives you clear, accurate estimates with no sign-up required.
What We Do
We provide a straightforward student loan payment calculator that uses the standard amortization formula to compute your estimated monthly payment, total interest paid, total repayment cost, and projected payoff date. You can adjust the loan balance, interest rate, and repayment term to compare different scenarios side by side.
Data Sources
Federal student loan interest rates displayed on this site are sourced from the U.S. Department of Education. Rates for the 2024-2025 academic year are 6.53% for undergraduate loans, 8.08% for graduate unsubsidized loans, and 9.08% for PLUS loans. These rates are fixed for the life of the loan and set annually by Congress based on the 10-year Treasury note yield.
Who We Are
StudentLoanCalc.com is an independent calculator website. We are not a bank, lender, loan servicer, or financial institution of any kind. We do not offer loans, take applications, or provide personalized financial advice. Our mission is simply to make loan math accessible and transparent for every borrower.
Your Privacy
We do not collect, store, or sell any personal information. All calculations are performed in your browser and on our servers in real time — no data is retained after your session ends. See our Privacy Policy for full details.
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