How This Calculator Works
Enter your total student loan balance and weighted average interest rate.
Input your annual gross income and household size for IDR calculations.
Compare three repayment strategies: Standard (10 years), Extended (25 years), and Income-Driven Repayment.
See monthly payments, total cost, and potential loan forgiveness for each plan.
Student Loan Calculator
Why Use This Calculator
Compare monthly payments across all repayment plans
See total loan cost including interest for each option
Calculate potential loan forgiveness amounts
Compare total costs for refinancing or consolidation
Income-Driven Repayment (IDR) caps payments at a percentage of discretionary income and offers forgiveness after 20-25 years. IDR may cost more in total interest but provides lower monthly payments and forgiveness potential.
Important Notice
These calculators are for educational and informational purposes only. Results are estimates based on the information you provide and should not be considered financial, tax, or investment advice. Your actual results may vary. For personalized guidance, please consult a qualified financial advisor, tax professional, or other appropriate expert.