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  1. – Calculator tips. Your payments add up to $36,713.41 which includes your payments to interest which add up to $6,713.41 over the life of the loan. This calculator uses monthly compounding and monthly payment frequency.

    Is Your student loan interest Tax-Deductible? – If your MAGI is less than $70,000. Save thousands on student loan interest Many people are missing out on lower student loan interest rates because they don’t take the time to research their.