Estimate the standard fixed payment and lifetime interest for a student-loan balance using a stated rate and repayment term.
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This is a standard amortization estimate. It does not model income-driven repayment, capitalization, deferment, forgiveness, subsidies or changing rates.
Standard student-loan payment formulaPayment = P × r(1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
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A $35,000 balance at 5.5% over 10 years has an estimated payment near $380 per month and about $10,580 in total interest.
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Rates and recurring amounts stay constant for the period represented by the formula.
Inputs use the same monthly or annual time basis stated in each field label.
Taxes, fees and contractual rules are excluded unless the calculator explicitly asks for them.