Student Loan Repayment Calculator and Amortization Table

Quickly estimate your monthly loan payments, total interest, and see how your balance changes over time with our free repayment calculator.

Estimate Your Repayment Plan

Enter your loan details to calculate your monthly payment, total interest, and full amortization schedule.

Loan Amount ($):

Interest Rate (%):

Loan Term (Years):

Frequently Asked Questions

How does this calculator figure out monthly payments?

It uses a standard formula that considers your loan balance, interest rate, and repayment term. We break down each monthly payment into what goes to interest and what goes to actually lowering your balance — so you can see where your money’s going.

What’s an amortization schedule, and why does it matter?

It’s a table that shows how your loan gets paid off over time. You’ll see, month by month, how much goes toward interest vs. principal and how your balance drops. It’s especially helpful if you want to understand how long it really takes to pay off student loans — and how much you pay in interest along the way.

If you’re not sure how it works, these resources explain it well:

We built our calculator to show this visually — but if you want to go deeper, those sites are solid starting points.

Is this just for law school loans?

Not at all. You can use this for undergrad loans, grad school loans, bar prep loans — really any fixed-rate student loan. Just plug in the numbers you have.

Does this show how much interest I’m paying over time?

Yes. That’s one of the most useful parts. You’ll get the total interest number, plus a month-by-month breakdown so you can actually see how it adds up (and where it slows down).

How accurate is this?

It gives a solid estimate based on the info you enter. It doesn’t pull your actual loan data or adjust for special programs — it’s meant to help you get clarity and make a plan. For exact numbers, always check with your loan servicer.

Does this include forgiveness, deferment, or income-based plans?

No — this version assumes a traditional fixed-payment setup. But if you’re exploring forgiveness programs or income-based repayment, this can still be a good starting point to understand your base numbers.

What if I want to double-check my results somewhere else?

This calculator gives you a solid estimate using standard amortization formulas. But if you’d like to compare or verify, here are a few official, trustworthy resources:

We built our calculator to be clear and fast — no logins, no confusing dropdowns — but we always recommend cross-checking with official sources if you’re making big financial decisions.

What if I haven’t taken out a loan yet — how do I know what to expect?

If you’re still planning how to pay for school, we recommend starting with Brokeman’s Paying for College Guide. It’s a free, 3-part resource packed with strategies for scholarships, federal aid, and smart borrowing.