Student Loan Repayment Calculator — सूत्र
## 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.
### 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.
हल किया गया उदाहरण
$40,000 student loan at 5.5% interest.
- Standard (10yr): $434/month, $12,052 total interest
- Extended (25yr): $245/month, $33,567 total interest
- Standard saves $21,515 in interest
- Standard costs $189 more per month