Loan Payment Calculator
Use the loan payment calculator to estimate the monthly payment amount for your student loans. The actual amount your lender calculates may vary.
Student loan repayment periods typically last 120 months (10 years), and interest rates vary depending on the loan type and when you received the loan. Most federal student loans require minimum monthly payments of $50.
The calculator is preset to 120 months and an interest rate of 6.8 percent. You can adjust these numbers if your loan information differs.
