Student loan calculator
During the deferral you do not repay the loan yet. Interest is added to the debt, or you pay it each month.
Result
219.33Each month after the deferral
- Interest of the deferral
- 1,662.86
- Debt at the end of the deferral
- 21,662.86
- Total interest cost
- 6,319.11
- Total paid
- 26,319.11
Year by year
Detailed table
| Year | Principal repaid | Interest paid | Left to pay |
|---|---|---|---|
| 1 | 1,798.12 | 833.79 | 19,864.73 |
| 2 | 3,669.51 | 1,594.31 | 17,993.35 |
| 3 | 5,617.13 | 2,278.60 | 16,045.73 |
| 4 | 7,644.11 | 2,883.54 | 14,018.75 |
| 5 | 9,753.67 | 3,405.89 | 11,909.19 |
| 6 | 11,949.17 | 3,842.30 | 9,713.69 |
| 7 | 14,234.12 | 4,189.25 | 7,428.74 |
| 8 | 16,612.17 | 4,443.12 | 5,050.69 |
| 9 | 19,087.10 | 4,600.10 | 2,575.76 |
| 10 | 21,662.86 | 4,656.25 | 0.00 |
How it is calculated
- Interest added: debt after deferral = P × (1 + i)^d, where i = rate ÷ 12 and d = deferral months.
- Interest paid: you pay P × i each month during the deferral.
- Then payment = debt × i ÷ (1 − (1 + i)^−n).
Example
20,000 at 4%, 24-month deferral with interest added: the debt grows to about 21,662, then about 219.32 a month over 10 years.
Good to know
- Public aid and income-driven repayment depend on the country and are not counted.
- Fixed rate, no insurance or fees.
- An estimate: only the contract counts.
Frequently asked questions
What is this tool used for?
During the deferral you do not repay the loan yet. Interest is added to the debt, or you pay it each month.
How is the result calculated?
Interest added: debt after deferral = P × (1 + i)^d, where i = rate ÷ 12 and d = deferral months.
What should I check before using the result?
Public aid and income-driven repayment depend on the country and are not counted.