![]() |
Home | Mortgage Calculator | Car Loan Calculator | Recast Calculator | HELOC Calculator | Refinance Calculator | Excel |
Student Loan Calculator is used to calculate monthly payments for your student loan. The student loan amortization schedule excel will show you the principal, interest, remaining balance of each and every payment, and is exportable as an excel spreadsheet.
Student Loan Payment |
|
Loan Amount: |
$25,000.00 |
Monthly Payment: |
$443.68 |
Total # Of Payments: |
60 |
Start Date: |
Feb, 2025 |
Payoff Date: |
Jan, 2030 |
Total Interest Paid: |
$1,621.04 |
Total Payment: |
$26,621.04 |
Student Loan Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Feb, 2025 | 1 | $52.08 | $391.60 | $443.68 | $24,608.40 | |
Mar, 2025 | 2 | $51.27 | $392.42 | $443.68 | $24,215.98 | |
Apr, 2025 | 3 | $50.45 | $393.23 | $443.68 | $23,822.75 | |
May, 2025 | 4 | $49.63 | $394.05 | $443.68 | $23,428.70 | |
Jun, 2025 | 5 | $48.81 | $394.87 | $443.68 | $23,033.82 | |
Jul, 2025 | 6 | $47.99 | $395.70 | $443.68 | $22,638.12 | |
Aug, 2025 | 7 | $47.16 | $396.52 | $443.68 | $22,241.60 | |
Sep, 2025 | 8 | $46.34 | $397.35 | $443.68 | $21,844.26 | |
Oct, 2025 | 9 | $45.51 | $398.18 | $443.68 | $21,446.08 | |
Nov, 2025 | 10 | $44.68 | $399.00 | $443.68 | $21,047.08 | |
Dec, 2025 | 11 | $43.85 | $399.84 | $443.68 | $20,647.24 | |
Jan, 2026 | 12 | $43.02 | $400.67 | $443.68 | $20,246.57 | |
Feb, 2026 | 13 | $42.18 | $401.50 | $443.68 | $19,845.07 | |
Mar, 2026 | 14 | $41.34 | $402.34 | $443.68 | $19,442.73 | |
Apr, 2026 | 15 | $40.51 | $403.18 | $443.68 | $19,039.55 | |
May, 2026 | 16 | $39.67 | $404.02 | $443.68 | $18,635.53 | |
Jun, 2026 | 17 | $38.82 | $404.86 | $443.68 | $18,230.67 | |
Jul, 2026 | 18 | $37.98 | $405.70 | $443.68 | $17,824.97 | |
Aug, 2026 | 19 | $37.14 | $406.55 | $443.68 | $17,418.42 | |
Sep, 2026 | 20 | $36.29 | $407.40 | $443.68 | $17,011.02 | |
Oct, 2026 | 21 | $35.44 | $408.24 | $443.68 | $16,602.78 | |
Nov, 2026 | 22 | $34.59 | $409.09 | $443.68 | $16,193.68 | |
Dec, 2026 | 23 | $33.74 | $409.95 | $443.68 | $15,783.74 | |
Jan, 2027 | 24 | $32.88 | $410.80 | $443.68 | $15,372.93 | |
Feb, 2027 | 25 | $32.03 | $411.66 | $443.68 | $14,961.28 | |
Mar, 2027 | 26 | $31.17 | $412.51 | $443.68 | $14,548.76 | |
Apr, 2027 | 27 | $30.31 | $413.37 | $443.68 | $14,135.39 | |
May, 2027 | 28 | $29.45 | $414.24 | $443.68 | $13,721.15 | |
Jun, 2027 | 29 | $28.59 | $415.10 | $443.68 | $13,306.06 | |
Jul, 2027 | 30 | $27.72 | $415.96 | $443.68 | $12,890.09 | |
Aug, 2027 | 31 | $26.85 | $416.83 | $443.68 | $12,473.26 | |
Sep, 2027 | 32 | $25.99 | $417.70 | $443.68 | $12,055.56 | |
Oct, 2027 | 33 | $25.12 | $418.57 | $443.68 | $11,637.00 | |
Nov, 2027 | 34 | $24.24 | $419.44 | $443.68 | $11,217.56 | |
Dec, 2027 | 35 | $23.37 | $420.31 | $443.68 | $10,797.24 | |
Jan, 2028 | 36 | $22.49 | $421.19 | $443.68 | $10,376.05 | |
Feb, 2028 | 37 | $21.62 | $422.07 | $443.68 | $9,953.98 | |
Mar, 2028 | 38 | $20.74 | $422.95 | $443.68 | $9,531.04 | |
Apr, 2028 | 39 | $19.86 | $423.83 | $443.68 | $9,107.21 | |
May, 2028 | 40 | $18.97 | $424.71 | $443.68 | $8,682.50 | |
Jun, 2028 | 41 | $18.09 | $425.60 | $443.68 | $8,256.90 | |
Jul, 2028 | 42 | $17.20 | $426.48 | $443.68 | $7,830.42 | |
Aug, 2028 | 43 | $16.31 | $427.37 | $443.68 | $7,403.05 | |
Sep, 2028 | 44 | $15.42 | $428.26 | $443.68 | $6,974.79 | |
Oct, 2028 | 45 | $14.53 | $429.15 | $443.68 | $6,545.64 | |
Nov, 2028 | 46 | $13.64 | $430.05 | $443.68 | $6,115.59 | |
Dec, 2028 | 47 | $12.74 | $430.94 | $443.68 | $5,684.65 | |
Jan, 2029 | 48 | $11.84 | $431.84 | $443.68 | $5,252.81 | |
Feb, 2029 | 49 | $10.94 | $432.74 | $443.68 | $4,820.06 | |
Mar, 2029 | 50 | $10.04 | $433.64 | $443.68 | $4,386.42 | |
Apr, 2029 | 51 | $9.14 | $434.55 | $443.68 | $3,951.88 | |
May, 2029 | 52 | $8.23 | $435.45 | $443.68 | $3,516.43 | |
Jun, 2029 | 53 | $7.33 | $436.36 | $443.68 | $3,080.07 | |
Jul, 2029 | 54 | $6.42 | $437.27 | $443.68 | $2,642.80 | |
Aug, 2029 | 55 | $5.51 | $438.18 | $443.68 | $2,204.62 | |
Sep, 2029 | 56 | $4.59 | $439.09 | $443.68 | $1,765.53 | |
Oct, 2029 | 57 | $3.68 | $440.01 | $443.68 | $1,325.53 | |
Nov, 2029 | 58 | $2.76 | $440.92 | $443.68 | $884.60 | |
Dec, 2029 | 59 | $1.84 | $441.84 | $443.68 | $442.76 | |
Jan, 2030 | 60 | $0.92 | $442.76 | $443.68 | $0.00 |
A student loan is a loan granted to a student to cover the cost of going to college. You can use a student loan to pay for tuition, textbooks, computers, rent, or any other associated costs. Student loans can come from the Federal government, banks, or other private financial institutions. Student loans from the Federal government have the lowest interest rate and other benefits that other lenders don't offer.
Like any other loan, student loans need to be paid back with interest. You can start paying interest while you are in school or you can wait until you graduate from college. There are many types of student loans, some are sponsored by the Federal government, and others are from private lenders. Most student loans start accruing interest while you are in school with the exception of Federal subsidized loans. By the time you graduated, the loan balance would have increased. Fortunately, you can start paying for your student loan while you are still in school. Paying while you are still studying is a good way to keep your loan balance low.
For most Federal student loans, you have a grace period of six months after graduation, leave school, or drop below half-time enrollment to start repaying the student loan.
It depends. You are not required to pay interest while in school with a subsidized loan from the Federal. A subsidized loan is a type of loan for undergraduate students with financial needs. If you have a Federal unsubsidized loan or student loan from a private lender, the interest will start accruing as soon as the funds are sent to the school.
Federal student loans are fixed interest with lower interest rates than loans from private lenders.
Federal subsidized loans are only available for undergraduate students with financial needs while unsubsidized loans are available for all undergraduate and graduate students.
No, you cannot pay a Federal student loan with a credit card. You may be able to pay a private lender with a credit card, but don't bet on it. Credit card companies charge transaction and processing fees, most lenders do not want to pay these fees. Even if your private lender does allow credit card payments, it may not be a good idea as credit cards typically have very high interest rates. It may also hurt your credit score as your credit usage will rise substantially with student loan payments.
Yes, student loans do impact your credit report and score. Making timely payments for your student loan improves your credit score. On the negative side, missing or late payments will hurt your credit score.
If you have a good credit score and a job that pays well, then refinancing is a good option. Lenders may give you a better interest rate than the current interest rate for your student loan. You will save money on interest when you refinance your student loan.
If your student loan is making you lose sleep at night, then you probably owe too much in student loans. Research the average starting salary a graduate makes in your field of study and keep your student loan cap at that salary. For example, if you expect to make $50,000 the first year out of college, you should not borrow more than $50,000 in student loans.
For Federal student loans, any outstanding balance will be forgiven after 20 years for undergraduate study, or 25 years for graduate study.
There are many ways you can pay off your student loans, here are some tips.
In general, it is a good idea to pay off your student loan early if you can afford it as it will save you money on interest. However, there are situations where paying off your student loan early might not be a great idea. For example, if you have other debt or loans such as credit cards with higher interest rates than your student loan, you should pay off your credit cards first. If you still have money left over after paying all the debt that has a higher interest rate, then pay off your student loan.
Student Loan Payoff CalculatorAmortization Schedule | Terms | Privacy | Disclaimer | Contact
©2025 Amortization Schedule