Loan Repayment Calculator

SFA’s loan calculator helps students estimate the total cost of taking out a student loan. Simply input the loan amount ($), the length of the loan (months), and choose the loan type below.

To estimate repayment of a Federal Direct Loan, please use the Department of Education’s calculator, here.

Enter Loan Amount

Enter Loan Period

Select a loan


Input a rate of interest

(e.g., for 1%, enter .01)

Months until graduation

Estimated Interest

In Dollars

Estimated Total Cost of Loan

In Dollars

Estimated Monthly Payment

In Dollars

Estimated Number of Payments