Sallie Mae Home  Undergraduates  Smart Option Student Loan  Career Training Smart Option Student Loan  Graduates  Smart Option Student Loan  Medical Residency & Relocation Loan  Dental Residency & Relocation Loan  Bar Study Loan  K-12  Managing Your Loans  Banking  Insurance  Credit Cards  Upromise Rewards  Plan for College  Saving for College  Scholarships for College  College Grants  Financial Aid  Types of Student Loans  The College Planning Toolbox  How America Pays for College  How America Saves for College   Contact Us  Feedback 
Manage & Pay Loans  Banking  Upromise Rewards  Activity Center Login  Complete Your Application  Check Your Loan Status  eSign Your Loan  Cosign Existing Loan 

Accrued Interest Calculator

Even if your loan is not currently in repayment, interest continues to accrue (grow).

See how accrued interest could affect your loan balance, and how paying a little more toward your loan can reduce your principal amount.

NOTE: Some lenders capitalize interest - add it to the principal balance of your loan. This could increase your total outstanding balance. Be sure to check with your lender before borrowing or look at ways to pay down the interest before it capitalizes.


Enter your loan balance.
$
Enter your interest rate.
%
Enter a number of months.
months
Enter your payment amount.
$

Calculate

Correct the fields highlighted above.

Calculator assumes the interest rate remains the same and that it is not
capitalized - added to the principal
balance of your loan - at any time.

Results

Amounts are estimates.


See how paying more can have a positive impact on your loan balance. If you entered "Never" on the left, try selecting a different frequency and enter a manageable payment amount. Or, if you are are already making payments, trying increasing the amount. The new calculation will show you how your loan balance can change.

Looking for more tips? Our Monthly Budget Worksheet can help you look for a few dollars to put toward your loan interest.

See more tools

The College Planning Toolbox


Was this page useful?
Tell us more

 
 
College Ahead