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Student Loan Calculator
Calculate repayment plans, compare options, and explore forgiveness programs for student loans.
Your Student Loans
Income & Family Information
Discretionary Income
Income above 150% of poverty line
$28,130
per year
Loan Summary
Total Balance
$30,000
Number of Loans
1
Average Interest Rate
5.50%
Current Monthly Payment
$350
Repayment Plan Comparison
| Plan | Monthly Payment | Total Interest | Total Paid | Payoff Time | Forgiveness |
|---|---|---|---|---|---|
| Standard (10 years) | $326 | $9,069 | $39,069 | 10.0 years | - |
| Extended (25 years) | $184 | $25,268 | $55,268 | 25.0 years | - |
| Graduated (10 years) | $163 | $12,976 | $42,976 | 10.0 years | - |
| SAVE (Income-Driven) | $234 | $0 | $30,000 | 10.7 years | - |
| PAYE (Income-Driven) | $234 | $0 | $30,000 | 10.7 years | - |
| IBR (Income-Based) | $326 | $0 | $30,000 | 7.7 years | - |
| ICR (Income-Contingent) | $285 | $0 | $30,000 | 8.8 years | - |
Extra Payment Analysis
To pay off in 10 years, you need to pay:
$326/month
($-24 extra)
Refinancing Analysis
Student Loan Tips & Resources
Repayment Strategies
- • Consider income-driven plans if struggling
- • Make extra payments toward principal
- • Pay off highest interest loans first
- • Set up automatic payments for rate reduction
- • Apply windfalls to loan balance
Federal Benefits
- • Income-driven repayment options
- • Deferment and forbearance
- • Public Service Loan Forgiveness
- • Teacher Loan Forgiveness
- • Death and disability discharge
Important Resources
- • Federal Student Aid: studentaid.gov
- • PSLF Help Tool: studentaid.gov/pslf
- • Loan Simulator: studentaid.gov/loan-simulator
- • NSLDS (loan database): nslds.ed.gov
Professional Student Loan
Get accurate calculations with our comprehensive student loan. Designed for ease of use while providing detailed, professional-grade results.
Frequently Asked Questions
Our student loan provides accurate calculations based on your input parameters. Enter your data and get instant results with detailed breakdowns.
Instant Results
Real-time calculations
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