This student-loan calculator estimates your monthly repayment, total interest and payoff time from the balance, interest rate and term. Updated June 2026.
2026 College Loan Estimator
How It Works
This tool uses amortization math to estimate your monthly payment based on loan balance, term, and interest. It’s ideal for student loan borrowers planning their 2026 finances.
Example
Let’s say you borrow $25,000 at 5% interest for 10 years. Your monthly payment would be about $265 and total repayment around $31,800. Knowing this helps you plan ahead.
FAQ
- Does this include deferment or forgiveness? No, it assumes full standard repayment.
- Can I include extra payments? Not yet — this version doesn’t support extra principal payments.
- Is this valid for Canada? Yes — works with CAD or USD and any interest rate.
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