# Student Loan Calculator Calculate student loan repayment with an optional grace period and subsidized/unsubsidized interest. Unsubsidized loans accrue interest during the grace period that capitalizes into principal; subsidized loans do not. Shows monthly payment, total interest, total repayment, a balance curve, and a yearly breakdown. > Canonical page: https://elysiatools.com/en/tools/student-loan-calculator - **Category:** Finance - **Keywords:** student loan, grace period, subsidized, unsubsidized, capitalization, amortization, education loan, finance ## Overview The Student Loan Calculator helps you estimate your monthly payments, total interest, and overall repayment amount for education loans. It supports both subsidized and unsubsidized loans, allowing you to factor in grace periods where interest may accrue and capitalize into the principal balance. ## Inputs - **Loan Amount** (number): e.g. 30000 - **Annual Interest Rate (%)** (number): e.g. 5.5 - **Repayment Term (Years)** (number): e.g. 10 - **Grace Period (Months)** (number): e.g. 6 - **Interest Type** (select) - **Decimal Places** (number) ## When to use - When comparing subsidized and unsubsidized student loan offers to understand how interest accrues during school or grace periods. - When planning your post-graduation budget and estimating your future monthly student loan payments. - When evaluating how different repayment terms or interest rates affect the total cost of your education debt. ## How it works - Enter your total loan amount, annual interest rate, and the repayment term in years. - Specify the length of your grace period in months and select whether the loan is subsidized or unsubsidized. - The calculator computes the accrued interest during the grace period (capitalizing it for unsubsidized loans) and generates your monthly payment, total interest, and a yearly amortization breakdown. ## Use cases - Comparing the long-term costs of a subsidized federal loan versus an unsubsidized private student loan. - Estimating the financial impact of a 6-month post-graduation grace period on an unsubsidized loan. - Determining how changing a repayment term from 10 to 15 years affects monthly cash flow and total interest. ## Frequently asked questions ### What is the difference between subsidized and unsubsidized student loans in this calculator? Subsidized loans do not accrue interest during the grace period, whereas unsubsidized loans accrue interest that capitalizes into the principal before repayment begins. ### What does interest capitalization mean? Capitalization means unpaid accrued interest is added to your principal loan balance, increasing the amount on which future interest is calculated. ### Can I calculate repayments without a grace period? Yes, simply set the grace period option to zero months. ### What outputs does the calculator provide? It displays your monthly payment, total interest paid, total repayment amount, a balance curve, and a yearly breakdown. ### How does the repayment term affect my loan? A longer repayment term lowers your monthly payment but increases the total interest you pay over the life of the loan. ## Related tools - [APR Calculator](https://elysiatools.com/en/tools/apr-calculator): Calculate the true Annual Percentage Rate (APR) of a loan when upfront fees are involved. 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