Education Loan Calculator
Calculate your student loan EMI, total interest, and plan your repayment effectively.
Student Loan Payment Calculator
Enter your education loan details to calculate monthly payments and total cost
Understanding Education Loans
Federal vs Private Loans
Federal student loans typically offer lower fixed interest rates, income-driven repayment plans, and loan forgiveness options. Private loans may have variable rates but can fill funding gaps.
Moratorium Period
- Grace period after graduation (typically 6 months)
- No payments required during this time
- Interest may still accrue (capitalize)
- Subsidized loans don't accrue interest
Reducing Your Loan Burden
- Apply for scholarships and grants
- Consider work-study programs
- Start at community college
- Pay interest during school
Repayment Strategies
- Standard: Fixed payments over 10 years
- Graduated: Payments increase over time
- Income-driven: Based on your earnings
- Extended: Lower payments, longer term