Student Loan Repayment Calculator

    Calculate your monthly payments and total cost for Canadian student loans.

    $
    $1,000$200,000

    Combined federal and provincial student loan balance

    %
    0%15%

    Federal loans: Prime rate. Provincial rates vary.

    years
    1 years15 years

    Standard repayment is up to 9.5 years (114 months)

    $
    $0$2,000

    Additional amount above minimum payment

    Monthly Payment

    $339.88

    Total Interest (Standard)

    $10,785.75

    Total Repayment Cost

    $40,785.75

    Interest Saved (Extra Payments)

    $0

    Months Saved

    0

    Total Interest (Standard)$10,785.75
    Total Repayment Cost$40,785.75
    Interest Saved (Extra Payments)$0
    Months Saved0

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    Rate source: Government of Canada Student Financial Assistance
    Data from Official Sources:CRA