A free tool built to help students understand what they're actually signing up for when they take on a loan.
Student debt is one of the most consequential financial decisions a young person makes — often before they've had a single lesson in personal finance. Most students sign their loan paperwork without ever calculating what it will actually cost them over 10 or 20 years.
StudentLoanTruth exists to fix that. Enter your numbers, see the real cost in under 10 seconds, and understand exactly how small changes — an extra $50 a month, switching to bi-weekly payments — compound into thousands of dollars saved.
No sign-up. No account. No data collected. Just the maths.
Every calculation happens in your browser. We never see, store, or transmit anything you type.
No paywalls, no "premium" features, no email required. The full calculator is free, forever.
We use the same amortization formula used by every loan servicer. No rounding tricks or optimistic assumptions.
Designed from the ground up to work on any phone, tablet, or laptop — no app download needed.
StudentLoanTruth is an independent educational tool and is not affiliated with any loan servicer, bank, or government agency. Results are mathematical estimates based on the inputs you provide. Your actual loan terms, payments, and balances may differ. Always confirm details with your loan servicer or a qualified financial advisor before making financial decisions.