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Student loan debt is a reality for millions. This calculator helps you understand your repayment timeline, total cost, and how extra payments can help you become debt-free faster.
Student Loan Calculator
Results
Monthly Payment
$434.11
Total Cost
$52,092.61
Total Interest
$12,092.61
Payoff Time
10 years
Interest Saved
$0.00
Visualization
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How It Works
Calculate your standard repayment on a fixed-rate student loan. See how different payment amounts and terms affect your total cost.
Formula
M = P × [r(1+r)^n] / [(1+r)^n - 1]Assumptions
- Fixed interest rate
- Standard repayment plan
- No income-driven adjustments
- No loan forgiveness programs
Frequently Asked Questions
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