How is my student loan payment calculated?

It is based on your balance, interest rate, and repayment term using the standard amortization formula.

Should I pay more than the minimum?

If you can, yes — extra payments go to principal, reducing both your payoff time and total interest.

Calculate monthly payments and payoff timeline for student loans.

Loan Balance

Interest Rate

Repayment Term (years)

Monthly Payment

$325.58

Total Interest

$9,069.46

Total Repaid

$39,069.46

Understand grade points, credit hours, and how to compute both a semester GPA and your cumulative GPA.

Calculate your GPA for a semester or cumulative GPA across multiple semesters.

Plan how much to save for college education costs with a 529 plan.

See how much you can save by refinancing your student loans.