Free Student Loan Repayment Calculator
Compare student loan repayment plans -- standard 10-year, extended, and graduated -- to find the best fit.
USD
%
years
Standard Monthly Payment
$434
Total Interest (Standard)$12,093
Extended (25yr) Payment$246
Total Interest (25yr)$33,690
Standard Monthly Payment vs Standard Repayment Term
Student Loan Repayment Options
Standard Repayment (10 years)
Fixed monthly payments. Highest payment but lowest total interest.
Extended Repayment (25 years)
Lower monthly payments but significantly more total interest.
Income-Driven Plans
Payments capped at 10-20% of discretionary income with forgiveness after 20-25 years.
Formula
M = P x r x (1+r)^n / [(1+r)^n - 1]
Where P is the loan balance, r is the monthly rate, and n is total payments.
Example Calculation
$40,000 student loan at 5.5% interest.
- 01Standard (10yr): $434/month, $12,052 total interest
- 02Extended (25yr): $245/month, $33,567 total interest
- 03Standard saves $21,515 in interest
- 04Standard costs $189 more per month
Frequently Asked Questions
Learn More
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