Education Finance

Student Loan
Calculator

Calculate monthly EMI, explore repayment strategies, and project your total loan balance after graduation — all in one place.

Calculators

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Monthly PMT

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Total Interest

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Simple Student Loan Calculator

Enter your loan balance, term, and rate to find monthly EMI

Loan Balance

Interest Rate (Annual)

Remaining Term

yrs

📊 Payment Split

📉 Balance Over Time

📋 Amortization Schedule

#	Payment	Principal	Interest	Balance

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Student Loan Repayment Calculator

Compare 5 repayment strategies side-by-side

Loan Balance

Monthly Payment

Interest Rate (Annual)

Repayment Mode

💰 Cost Breakdown

📉 Balance Over Time

📋 Amortization Schedule

#	Payment	Principal	Interest	Balance

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Student Loan Projection Calculator

Estimate your total loan balance at graduation including accrued interest

Years Until Graduation

yrs

Annual Interest Rate

Enter disbursements by year (annual loan amount received)

In-Study Monthly Payment

Post-Grad Repayment Term

yrs

📈 Loan Balance Growth During Study

📋 Year-by-Year Projection

Year	Disbursed	Int. Accrued	Payments Made	Balance

Understanding Student Loans

A student loan calculator helps you plan your education financing before and after graduation. Student loans differ from regular loans because interest often accrues during the study period, and repayment typically begins after a grace period post-graduation. Understanding how to manage and minimize this debt is critical to long-term financial health.

How Student Loan EMI is Calculated

Once your loan enters repayment, the monthly installment follows the standard amortization formula:

EMI = P × [ r(1+r)^n ] / [ (1+r)^n − 1 ]

Where P = outstanding principal at repayment start, r = monthly interest rate (annual ÷ 12), and n = total repayment months.

5 Repayment Strategies Explained

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Normal Repayment

Fixed monthly payments for the full loan term. Simple and predictable.

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Extra Monthly Payment

Paying more each month reduces principal faster and cuts total interest.

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One-Time Lump Sum

Apply a bonus or refund directly to principal at a specific month.

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Bi-Weekly Payments

Pay half your monthly amount every two weeks — makes 13 full payments/year.

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Payoff Altogether

Calculate the lump sum needed today to fully pay off the loan immediately.

Subsidized vs Unsubsidized Loans

With subsidized loans, the government pays the interest while you're enrolled at least half-time and during grace/deferment periods. With unsubsidized loans, interest accrues from the day of disbursement — so by graduation, your balance may be significantly higher than what you borrowed. Our Projection Calculator accounts for this capitalized interest.

Frequently Asked Questions

When does student loan repayment begin?

Most federal student loans offer a 6-month grace period after graduation, leaving school, or dropping below half-time enrollment. Private loans vary — check your loan agreement for specific terms.

Does paying bi-weekly really save money?

Yes. By making 26 half-payments per year you effectively make 13 full monthly payments instead of 12. On a $30,000 loan at 5.5% over 10 years, this can save hundreds in interest and shave months off your term.

What happens to interest during deferment?

For unsubsidized loans, unpaid interest during deferment is capitalized (added to principal) when repayment begins. This increases your total loan balance and the amount of interest you pay over the life of the loan.

Should I make payments during school?

Even small in-school payments — as low as $25/month — can prevent interest from capitalizing and significantly reduce your balance at graduation. Our Projection Calculator lets you model this scenario.