Student Loan Calculator

The Standard plan has the lowest total cost but highest monthly payment. Income-Driven plans have lower monthly payments but higher total cost. Choose based on your current financial situation.

Even $50-100 extra per month can save thousands in interest and shorten your loan term by years. Use our simulator to see the exact impact.

PSLF forgives remaining federal loan balance after 120 qualifying payments while working for a qualifying employer (government, non-profit). You must be on an income-driven plan.

The Student Loan Calculator is an online tool that lets you calculate student loan payments with standard, graduated, and income-driven repayment plans. It is part of NexTool's collection of free tools designed to help you work faster and more efficiently.

Using the Student Loan Calculator is simple: visit the tool page, enter your data or input into the provided fields, and get instant results. Follow the controls on the page. Some functions require sign-in or a paid plan; see Pricing for limits.

The Free plan includes 10 tool uses per day. Some features require an account or a paid plan. Check the controls on the tool page and Pricing for the applicable limits.

The Student Loan Calculator returns results based on the inputs and the tool methodology. Check assumptions, units and source dates. Treat projections as estimates. For critical decisions, always consult a qualified professional.

Local calculations run in your browser. AI features, accounts, saved reports and external data requests use server services. Check the tool description and privacy policy for the relevant processing and storage.