Àwọn Àwọn Àkọ́lé

Estimate the monthly payment and total interest on a student loan.

Àwọn ìṣàmúlò-ètò

Àwọn Ìjánu-ìsún

Àwọn ìṣàmúlò-ètò

Ìdírẹ̀sì ?

Ìdáràn tí a fídi

Ìfihàn Òjó —

Àwọn ìṣàmúlò-ètò —

Àwọn Àtòjọ-ẹ̀yàn àwọn ìṣàmúlò-ètò

Ńlà àwọn àwọn ààtò àtòjọ-ẹ̀yàn yìí?

Àkóónú ìṣàmúlò-ètò yìí

A student loan calculator works out the fixed monthly repayment and total interest on a student loan from the balance, interest rate and repayment term. The standard repayment plan is a 10-year amortising schedule; a longer term lowers each payment but adds a lot of interest over the life of the loan.

It applies the usual amortisation formula, splitting each payment between interest on the remaining balance and principal. For example, a 30,000 balance at 5.5% over 10 years costs about 326 a month, with roughly 9,100 of total interest. An optional extra monthly payment goes straight to principal, shortening the term and cutting that interest.

Use it to plan repayments after graduation, to compare the standard 10-year plan with a longer term, or to see how much interest an extra payment saves. It models a single fixed-rate loan; income-driven plans, forgiveness programs and variable rates work differently and are not captured here.

Àwọn Àtòjọ-ẹ̀yàn

Bawo ni a ṣe le ṣe iṣiro owo-ori owo-ori ọmọ ile-iwe?

It uses the standard amortisation formula on the balance, rate and term, giving an equal payment each month. A 30,000 balance at 5.5% over 10 years is roughly 326 a month.

Ńbí mò fi ìgbàdúró àwọn ìṣàmúlò-ètò láti fi àwọn ìṣàmúlò-ètò ìsàlẹ̀-ètò pamọ́?

Ìgbà tí a bá fi pẹ̀lú 20 tabi 25 odun, a tí fi àwọn owó tí a gbà lórí oṣù kù lọ́wọ́lọ́wọ́, ṣugbọn a lè fi àwọn owó tí a gbà lórí oṣù kọ̀ǹpútà lọ́wọ́lọ́wọ́. Tí a bá jẹ́ pé òṣù kọ̀ǹpútà gbà, a lè fi àwọn owó tí a gbà lórí oṣù kọ̀ǹpútà lọ́wọ́lọ́wọ́ lọ́wọ́lọ́wọ́.

Bawo ni mo ṣe le sanwo owo-ori ọmọ ile-iwe?

Fi àwọn owó kaǹdé sí àwọn ìṣàmúlò-ètò àti àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlò-ètò àwọn ìṣàmúlo

Njẹ́ mò yẹ́ ki mò fi ẹ̀yàn mìmọ́ kọ́kọ́?

Refinancing to a lower rate cuts interest and can shorten the term, which this tool can illustrate by lowering the rate. But refinancing federal loans into a private loan gives up federal protections like income-driven repayment and forgiveness, so weigh that carefully.

Bawo ni a ṣe le ṣe iṣiro owo-ori lori owo-ori ọmọ ile-iwe?

Àwọn ẹ̀yàn kọ̀ǹpútà ìwé-ìwé ìgbàyàn ní gbogbo ọjọ̀ nínú àwọn àwọn ẹ̀yàn tí a fi pamọ́, àtí a fí èrè lọ́wọ́lọ́wọ́. Àwọn káadí ìṣàmúlò-ètò yìí ló àwọn ìṣàmúlò-ètò ìṣàmúlò-ètò lọ́wọ́lọ́wọ́, láti jẹ́ pé àwọn ìṣàmúlò-ètò tí a fi pamọ́ nínú àwọn ẹ̀yàn tí a fi pamọ́ nínú àwọn à

Kini iyatọ laarin awọn owo-ori ti a ṣe ifunni ati awọn owo-ori ti a ko ṣe ifunni?

On subsidised loans the government pays the interest while you are in school and during grace periods, so the balance does not grow then. Unsubsidised loans accrue interest the whole time, which can capitalise onto the balance — enter the balance that reflects any accrued interest.

API — ló àwọn ìṣàmúlò-ètò yìí láti inú ìṣàmúlò-ètò

Fi àwọn ìṣàmúlò-ètò yìí kọ̀ǹpútà yìí láti jẹ́ ààyè-iṣẹ́ JSON tí a tí fi pamọ́ - kò ní bọ́tìnì kan tí a fẹ́. Fi àwọn fálù ààyè-iṣẹ́ sílẹ̀ sí bí àwọn àwọn ìṣàmúlò-ètò àti JSON. Anything you omit uses the same default this page is pre-filled with; an unknown parameter is a 400, never a silent zero. Ka àwọn àkọlé API kíkún →

Àwọn Ààyè Ìjánu-ìṣàmúlò-ètò

GET https://calculator.free/api/v1/student-loan/

curl

curl "https://calculator.free/api/v1/student-loan/?balance=30000&rate=5.5&years=10"

JavaScript `fetch()`

const r = await fetch(
  "https://calculator.free/api/v1/student-loan/?" + new URLSearchParams({
    "balance": "30000",
    "rate": "5.5",
    "years": "10"
  }));
const data = await r.json();
console.log(data.results);

Results are estimates for general guidance only, not financial, medical or tax advice.

Àkóónú ìṣàmúlò-ètò yìí

Àwọn Àtòjọ-ẹ̀yàn

Àwọn Ìṣàmúlò-ètò Ìṣàmúlò-ètò

Àwọn Ààyè Ìjánu-ìṣàmúlò-ètò

curl

JavaScript fetch()

JavaScript `fetch()`