What is the standard repayment term for federal student loans?

The standard repayment plan for federal student loans is 10 years, though income-driven repayment plans can extend this to 20-25 years.

What is the average student loan interest rate?

Federal student loan rates for 2024-2025 range from 6.53% for undergraduates to 8.08% for graduate PLUS loans. Private loan rates vary widely.

Should I pay extra on my student loans?

Extra payments reduce your principal faster and save money on interest. Even small additional payments can significantly shorten your repayment period.

Student Loan Calculator

Overview

Calculate your monthly student loan payment, total repayment amount, and total interest based on loan amount, interest rate, and repayment term.

The Student Loan Calculator helps borrowers estimate monthly payments and total interest for student loans. Enter the loan amount, annual interest rate, and repayment term to see a full payment breakdown.

How to use

Calculate your student loan payments in a few steps.

Enter loan amount: Input your total student loan balance.
Enter interest rate: Enter the annual interest rate on your loan.
Enter term: Choose your repayment term in years.
View results: See your monthly payment, total repaid, and total interest.

FAQs

What is the standard repayment term for federal student loans?: The standard repayment plan for federal student loans is 10 years, though income-driven repayment plans can extend this to 20-25 years.
What is the average student loan interest rate?: Federal student loan rates for 2024-2025 range from 6.53% for undergraduates to 8.08% for graduate PLUS loans. Private loan rates vary widely.
Should I pay extra on my student loans?: Extra payments reduce your principal faster and save money on interest. Even small additional payments can significantly shorten your repayment period.