Use this free student loan calculator to estimate your monthly payment, total interest and total cost before you borrow for your degree. It is built for international students comparing loan offers, and it includes interest that builds up while you study and any origination fee.
Estimate only, for a fixed-rate loan with equal monthly payments. Variable rates and lender rules can change the result.
How the Calculator Works
- If interest is capitalized, it is added to your balance each month while you study, so you repay interest on interest.
- If you pay interest while in school, your balance stays the same and your total cost is usually lower.
- The monthly payment uses the standard fixed-rate formula: payment = balance × r ÷ (1 − (1 + r)−n), where r is the monthly rate and n the number of months.
- The origination fee is a one-time cost added on top.
How to Pay Less
- Compare the APR, not just the advertised rate.
- Pay the interest while you study if you can.
- Borrow only the amount you need after scholarships and savings.
- Check for autopay discounts and prepayment penalties.
Related Guides
- International Student Loans Without a Cosigner
- Fully Funded Scholarships 2026
- The Complete Study Abroad Guide
Disclaimer: This calculator gives estimates for general information only. It is not financial advice.