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Student Loan Calculator Excel

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Student Loan Calculator Excel with amortization schedule to calculate monthly payments for your student loan. Student loan calculator with interest paid calculates total payment, interest, payoff date, and amortization schedule. Enter the loan amount, term and interest rate, and the student loan calculator will calculate the monthly payments for your student finance. You can export the student loan amortization schedule to an excel sheet that you can review later.

Student Loan Repayment Calculator

Loan Amount
Loan Terms
years
Interest Rate
First Payment Date
Amortization schedule
Show By Month Show By Year

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Loan & Payment Summary

Loan Amount:
$20,000.00
Monthly Payment:
$358.04
Total # Of Payments:
60
Start Date:
Jul, 2024
Payoff Date:
Jun, 2029
Total Interest Paid:
$1,482.53
Total Payment:
$21,482.53

Student Loan Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jul, 2024 1 $47.50 $310.54 $358.04 $19,689.46
Aug, 2024 2 $46.76 $311.28 $358.04 $19,378.18
Sep, 2024 3 $46.02 $312.02 $358.04 $19,066.16
Oct, 2024 4 $45.28 $312.76 $358.04 $18,753.40
Nov, 2024 5 $44.54 $313.50 $358.04 $18,439.90
Dec, 2024 6 $43.79 $314.25 $358.04 $18,125.65
Jan, 2025 7 $43.05 $314.99 $358.04 $17,810.65
Feb, 2025 8 $42.30 $315.74 $358.04 $17,494.91
Mar, 2025 9 $41.55 $316.49 $358.04 $17,178.42
Apr, 2025 10 $40.80 $317.24 $358.04 $16,861.18
May, 2025 11 $40.05 $318.00 $358.04 $16,543.18
Jun, 2025 12 $39.29 $318.75 $358.04 $16,224.43
Jul, 2025 13 $38.53 $319.51 $358.04 $15,904.92
Aug, 2025 14 $37.77 $320.27 $358.04 $15,584.65
Sep, 2025 15 $37.01 $321.03 $358.04 $15,263.62
Oct, 2025 16 $36.25 $321.79 $358.04 $14,941.83
Nov, 2025 17 $35.49 $322.56 $358.04 $14,619.28
Dec, 2025 18 $34.72 $323.32 $358.04 $14,295.95
Jan, 2026 19 $33.95 $324.09 $358.04 $13,971.87
Feb, 2026 20 $33.18 $324.86 $358.04 $13,647.01
Mar, 2026 21 $32.41 $325.63 $358.04 $13,321.38
Apr, 2026 22 $31.64 $326.40 $358.04 $12,994.97
May, 2026 23 $30.86 $327.18 $358.04 $12,667.79
Jun, 2026 24 $30.09 $327.96 $358.04 $12,339.84
Jul, 2026 25 $29.31 $328.74 $358.04 $12,011.10
Aug, 2026 26 $28.53 $329.52 $358.04 $11,681.59
Sep, 2026 27 $27.74 $330.30 $358.04 $11,351.29
Oct, 2026 28 $26.96 $331.08 $358.04 $11,020.20
Nov, 2026 29 $26.17 $331.87 $358.04 $10,688.33
Dec, 2026 30 $25.38 $332.66 $358.04 $10,355.68
Jan, 2027 31 $24.59 $333.45 $358.04 $10,022.23
Feb, 2027 32 $23.80 $334.24 $358.04 $9,687.99
Mar, 2027 33 $23.01 $335.03 $358.04 $9,352.96
Apr, 2027 34 $22.21 $335.83 $358.04 $9,017.13
May, 2027 35 $21.42 $336.63 $358.04 $8,680.50
Jun, 2027 36 $20.62 $337.43 $358.04 $8,343.08
Jul, 2027 37 $19.81 $338.23 $358.04 $8,004.85
Aug, 2027 38 $19.01 $339.03 $358.04 $7,665.82
Sep, 2027 39 $18.21 $339.84 $358.04 $7,325.98
Oct, 2027 40 $17.40 $340.64 $358.04 $6,985.34
Nov, 2027 41 $16.59 $341.45 $358.04 $6,643.89
Dec, 2027 42 $15.78 $342.26 $358.04 $6,301.62
Jan, 2028 43 $14.97 $343.08 $358.04 $5,958.55
Feb, 2028 44 $14.15 $343.89 $358.04 $5,614.66
Mar, 2028 45 $13.33 $344.71 $358.04 $5,269.95
Apr, 2028 46 $12.52 $345.53 $358.04 $4,924.42
May, 2028 47 $11.70 $346.35 $358.04 $4,578.08
Jun, 2028 48 $10.87 $347.17 $358.04 $4,230.91
Jul, 2028 49 $10.05 $347.99 $358.04 $3,882.91
Aug, 2028 50 $9.22 $348.82 $358.04 $3,534.09
Sep, 2028 51 $8.39 $349.65 $358.04 $3,184.45
Oct, 2028 52 $7.56 $350.48 $358.04 $2,833.97
Nov, 2028 53 $6.73 $351.31 $358.04 $2,482.65
Dec, 2028 54 $5.90 $352.15 $358.04 $2,130.51
Jan, 2029 55 $5.06 $352.98 $358.04 $1,777.53
Feb, 2029 56 $4.22 $353.82 $358.04 $1,423.71
Mar, 2029 57 $3.38 $354.66 $358.04 $1,069.04
Apr, 2029 58 $2.54 $355.50 $358.04 $713.54
May, 2029 59 $1.69 $356.35 $358.04 $357.19
Jun, 2029 60 $0.85 $357.19 $358.04 $0.00

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Student Loan Repayment Calculator

The student loan repayment calculator shows how much interest you will be paying at the end of your loan. If you want to pay off your student loan faster and save on interest payment, you can use the student loan prepayment calculator.


What are student loans?

Student loans are money that students borrow to help them pay for college. Students can use the loan for any type of college expenses, such as tuition, books, food, and rent. In the United States, over 70% of students who go to college use student loans to pay for school-related expenses.


How do student loans work?

To take out a student loan means the borrower needs to pay back the loan plus interest in monthly payments. A student loan may have a fixed interest or a variable rate. On a loan with a fixed interest rate, the borrower makes the same monthly payment throughout the life of the loan. The monthly payments for a student loan with a variable interest change over the course of the loan. There are two types of student loans, federal student loans, and private student loans. Federal student loans issued by the government are fixed interest rates loans and comes with lower interest rate. Private student loans are issued by banks, credit unions, or private lenders. They could be fixed interest or variable interest. Since federal student loans have a lower interest rate, it is recommended that students max out their loans before considering loans from private lenders.


How much do student loans cost per month?

How much student loans cost per month depends on three variables, the size of the student loan, the interest rate, and the terms to pay back. For example, a $30,000 student loan with a 5% interest rate and a 10-year term would cost the borrower $318.20 a month. The student would pay about $8,183.59 in total interest after he pays off the loan after 10 years. To save money, a borrower may consider paying off his student loan earlier with extra payments. Visit the student loan early payoff calculator to learn how much you can save by increasing your monthly payments and cutting down on interest payments. Talk to your lender before making extra payments and make sure the lender doesn't charge any extra or has a penalty for paying off early.



How does the student loan calculator work?

To help you calculate the monthly payments for your student loan, use our student loan calculator. The three required inputs for the calculator are the loan amount, loan terms, and interest rate. Loan Amount - the size of the student loan Loan Terms - how many years will the borrower pay off his student loan Interest Rate - the cost of borrowing money The calculator generates a student loan amortization schedule that shows the borrower how much is for interest payment and how much is for principal payment each month. The student amortization schedule also shows the remaining balance for the loan.

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