# Student Loans Calculator

With Lendstart’s student loan calculator, you can estimate the overall cost of the loan to find out what works best for you.

## Student Loans Calculator

Loan amount

\$

Term in months

Interest rate per year

%

\$853.79

Monthly payment

\$10,245.42

Total paid

\$245.42

Interest paid

Month Balance Interest Principal
1 \$10000.00 \$37.50 \$816.29
2 \$9183.71 \$34.44 \$819.35
3 \$8364.37 \$31.37 \$822.42
4 \$7541.95 \$28.28 \$825.50
5 \$6716.45 \$25.19 \$828.60
6 \$5887.85 \$22.08 \$831.71
7 \$5056.14 \$18.96 \$834.82
8 \$4221.32 \$15.83 \$837.96
9 \$3383.36 \$12.69 \$841.10
10 \$2542.26 \$9.53 \$844.25
11 \$1698.01 \$6.37 \$847.42
12 \$850.60 \$3.19 \$850.60

Est. APR:

3.99 - 19.99*

Loan Term:

24 - 84* Months

## How to Use a Student Loan Calculator

Most student loan calculators require some basic information to estimate what your monthly payments will be. This includes:

• Loan amount: This refers to the total amount borrowed before interest.
• Loan terms (months or years): The term indicates how many payments you’ll make on the loan. Payments are usually monthly. So, if your loan term is for 12 months, or one year, you’ll make 12 payments.
• Annual Interest Rate: Your monthly payments will include both the principal balance and the interest rate. Most student loans express interest as APR. To figure out your monthly interest rate, take the APR and divide it by 12.