Free Toolcalculator

Student Loan True Cost Calculator

See the true total cost of your student loan across different repayment plans side by side.

Example data — edit to match your numbers

Your Loan

Total loan balance

Annual interest rate (%)

15 years

530 years

Lowest cost

10-year term

Monthly payment

$341

Total repaid

$40,877

Total interest

$10,877

36% of original balance

Principal vs interest

Principal 73%Interest 27%

20-year term

Monthly payment

$224

Total repaid

$53,681

Total interest

$23,681

79% of original balance

Principal vs interest

Principal 56%Interest 44%

15-year term

Monthly payment

$261

Total repaid

$47,040

Total interest

$17,040

57% of original balance

Principal vs interest

Principal 64%Interest 36%

Choosing the standard plan saves you $0 vs the extended plan.

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