Student Loan Repayment Calculator

Plan your student loan repayment. Compare standard, graduated, and income-driven repayment plans.

Total Loan Balance

Total outstanding student loan balance across all loans

Interest Rate (%)

Weighted average rate across your loans — check your loan servicer

Repayment Term

Shorter terms save interest but require higher payments

Extra Monthly Payment

Any additional amount beyond minimum

Monthly Payment

Your total monthly outlay including any extra payments

$379.84

Total Interest

Total interest paid over the loan’s life

$10,581.04

Total Paid

Principal plus all interest payments

$45,581.04

Payoff Time

How long until your loan is fully paid off

10y 1m

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Take Control of Student Debt

The average student loan balance in the US is over $30,000. Our calculator helps you explore different repayment strategies — from minimum payments to aggressive payoff plans — so you can choose the approach that fits your financial goals.

Strategies to Pay Off Student Loans Faster

Make bi-weekly payments instead of monthly (equals one extra payment per year). Put tax refunds and bonuses toward your loans. Refinance to a lower rate if you have good credit. Use the avalanche method — pay minimums on all loans and put extra money toward the highest-rate loan first.

Frequently Asked Questions

What are the different student loan repayment plans?

Federal student loans offer Standard (10-year fixed), Graduated (payments increase over time), Extended (up to 25 years), and Income-Driven plans (IBR, PAYE, REPAYE, ICR) where payments are based on your income.

Should I pay off student loans early?

If your interest rate is high (above 5–6%) and you don't qualify for forgiveness programs, paying extra toward principal can save thousands in interest. Use our calculator to see the impact of extra payments.

What is student loan forgiveness?

Public Service Loan Forgiveness (PSLF) forgives remaining federal loan balances after 120 qualifying payments while working for a qualifying employer. Income-driven repayment plans also offer forgiveness after 20-25 years of payments.