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Student Loan Calculator

Inputs

The original amount borrowed

The yearly interest rate as a percentage

Number of years to repay the loan

Additional amount paid monthly to accelerate payoff

Select your repayment strategy

Results

Monthly Payment
Amount due each month
Total Interest Paid
Total Amount Paid
Payoff Timeline
Payoff Timeline
Months Saved
Interest Saved
Formula
M = P × [r(1+r)^n] / [(1+r)^n - 1], where r = annual_rate/12, n = months
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