Student Loan Monthly Interest Calculator
See how much interest your student loan accrues in a single month.
CalcSimpler Examples
- $10,000 at 5% ⇒ $41.67
- $25,000 at 7% ⇒ $145.83
FAQ
Does this include principal payments?
No, it only calculates interest accrual.
Can rates change over time?
Yes, adjust the rate input if your loan rate changes.
Is interest compounded daily?
This calculator assumes simple monthly interest.
What happens if I pay more than the interest?
Extra payment reduces the principal balance.
Additional Information
- Monthly interest adds to principal if unpaid.
- Knowing monthly interest helps budgeting.
CalcSimpler