A student loan calculator is a tool that helps you calculate the monthly payments, total interest, and total cost of a student loan. To use a student loan calculator, you typically input information such as the loan amount, interest rate, and loan term (in months or years).

The calculator will then provide an estimate of the monthly payments, total interest, and total cost of the loan, based on the information you provided.

You can also try different scenarios, like varying the loan amount, interest rate, and loan term, to see how these factors affect your loan payments.

Additionally, student loan calculators can also help you estimate the impact of different repayment plans, such as the standard, extended or graduated repayment plans, on your loan payments and total interest paid.

It’s important to note that the results provided by a student loan calculator are estimates and may not reflect your actual loan payments. It’s always best to consult with a lender or financial advisor to get a more accurate assessment of your loan terms and payments and understand the options available for student loan repayment.