Student Loan Repayment Calculator
Compare student loan repayment plans. See monthly payments, total cost, and potential forgiveness under standard vs income-driven repayment.
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Student Loan Repayment Options
Standard Repayment (10 years): Fixed monthly payments over 10 years. Highest monthly payment but lowest total cost. Best if you can afford the payments.
SAVE/Income-Driven Repayment: Payments based on 10% of discretionary income. After 20 years (undergraduate) or 25 years (graduate), remaining balance is forgiven. Monthly payments are lower but total cost may be higher due to extended interest accrual.
Accelerated Repayment: Pay more than the minimum to pay off faster. Even 5-year aggressive repayment saves thousands in interest compared to the standard 10-year plan.
Public Service Loan Forgiveness (PSLF)
If you work for a government or nonprofit employer, your federal loans may be forgiven after 120 qualifying payments (10 years) under an IDR plan. This can save tens of thousands of dollars. Combine with our Salary Calculator to weigh public vs private sector compensation.