Student Loan Calculator — Monthly Payment & Total Interest Paid

Calculate your monthly student loan payment, total interest paid, and payoff timeline. Compare standard, income-driven, and aggressive payoff strategies.

Practical example: $30K balance, 6.5% rate, 10-year standard. For a average bachelor's degree debt scenario, enter the values that match your situation to get an instant cost estimate.

What is the standard student loan repayment plan? The Standard Repayment Plan sets equal monthly payments over 10 years, minimizing total interest paid. Monthly payment for $30,000 at 6.5% = $340/month. Total paid = $40,820 — $10,820 in interest. Income-Driven Repayment (IDR) plans like SAVE set payments at 5-10% of discretionary income, extending the term to 20-25 years but potentially forgiving remaining balance.