Manage Your Money
Master the skills that can help you manage money throughout life.
Calculate Daily Interest On Your Loan
Estimate how much you save by making payments sooner
Generally, interest on student loans is calculated daily. The daily interest is the amount of interest that you would normally be required to pay each month on your loan. Use this calculator to:
- Figure out the interest amount owed since your last payment.
- Experiment with the "number of days" field to see how making payments earlier results in a lower interest amount.
*This can vary by financial institution (default = 365)