Home » Student Loan Calculator

Student Loan Calculator

Calculate student loan payments, total interest cost, and payoff timeline. Compare standard, extended, and income-driven repayment plans.

Your data stays in your browser. Nothing is stored or sent to any server.

Enter Your Details

$0
Monthly Payment
$0
Total Repaid
$0
Total Interest
--
Payoff Date
$0
Saved with Extra Pay

Understanding Student Loan Repayment

Federal student loans offer several repayment plans. The Standard Repayment Plan (10 years) has the highest monthly payment but the lowest total cost. Extended plans (20-25 years) lower monthly payments but dramatically increase total interest.

Federal vs Private Student Loans

Federal loans (2025 rates: 5.50% undergraduate, 7.05% graduate) offer income-driven repayment, deferment, forbearance, and potential forgiveness. Private loans (4-14% depending on credit) offer fewer protections but may have lower rates for well-qualified borrowers.

Strategies to Pay Off Faster

Even $50-100/month extra dramatically reduces total interest. Target the highest-rate loans first (avalanche method). Consider refinancing private loans if rates have dropped. For federal loans, explore Public Service Loan Forgiveness (PSLF) if you work for a qualifying employer.

Frequently Asked Questions

What is the standard student loan term?
The standard federal repayment plan is 10 years (120 payments). Extended plans go up to 25 years. Income-driven plans are 20-25 years with potential forgiveness.
Should I refinance my student loans?
Consider refinancing private loans if you can get a lower rate. Be cautious refinancing federal loans — you lose access to income-driven plans, forgiveness programs, and deferment options.
How does student loan interest work?
Interest accrues daily on the outstanding balance. For unsubsidized loans, interest accrues during school and deferment. For subsidized loans, the government pays interest during these periods.
What is Public Service Loan Forgiveness?
PSLF forgives remaining federal loan balances after 120 qualifying payments while working for a government or non-profit employer. Only available for federal Direct Loans on an income-driven plan.

Related Calculators

Debt Payoff

Snowball vs Avalanche

Loan Calculator

Generic loan payments

Loan Consolidation

Consolidate loans

Budget Calculator

Plan your budget