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Student Loan Calculator
Calculate repayment with income-driven plans and forgiveness
Currency
Loan Balance
Combined balance of all loans
0%15%
Repayment Plan
Monthly Payment
$0.00
Fixed payment
Total Payments
$0.00
Total Interest
$0.00
Payoff Time
0 years
Repayment Plan
Loan Balance
$0.00
Interest Rate
5.50%
Standard Payment
$0.00
Interest Covered
No - balance may grow
Payment Distribution
Principal Repaid(0.0%)
$0.00Interest Paid(0.0%)
$0.00Plan Comparison
Standard Plan Payment
$0.00
Extended Plan Payment
$0.00
Monthly Interest Accruing
$0.00
Poverty Level (Family)
$0.00
Student Loan Repayment Options
Standard Repayment
Fixed payments over 10 years. Highest monthly payment but lowest total interest.
Income-Driven Plans (IBR, PAYE, SAVE)
Payments based on 10-15% of discretionary income. Remaining balance forgiven after 20-25 years. Best for: lower incomes, public service workers.
SAVE Plan (formerly REPAYE)
The newest plan with the most generous terms: 225% poverty threshold, 5% of income for undergrad loans, and unpaid interest is subsidized.
PSLF (Public Service Loan Forgiveness) provides tax-free forgiveness after 10 years for qualifying public service employment.