🎓 Student Loan Calculator
Plan your student loan repayment with Standard and Income-Driven plans. See how extra payments save you money and time.
How to Use This Student Loan CalculatorFree & Accurate
Plan your student loan repayment with Standard and Income-Driven plans. See how extra payments save you money and time. Perfect for federal loans, private loans, and student debt consolidation planning.
Enter Loan Details
- • Loan Balance - Total student debt
- • Interest Rate - APR on the loan
- • Loan Term - Years to repay
- • Repayment Type - Standard/Income-Driven
Set Repayment Options
- • Deferment Period - Grace months
- • Extra Payment - Pay more monthly
- • Income Details - For IDR plans
- • Family Size - IDR calculation
Compare Plans
- • Standard Plan - Fixed 10-year
- • Income-Driven - % of income
- • Interest Cost - Total paid
- • Monthly Payment - Your obligation
Review & Save
- • Total Interest - Cost of debt
- • Payoff Date - When debt-free
- • Interest Saved - Extra payments
- • Forgiveness - IDR forgiveness
Pro Tip: Income-Driven Repayment (IDR) plans cap your monthly payment at 10-20% of your discretionary income and offer forgiveness after 20-25 years. However, you'll pay more interest over time. Our calculator compares both plans so you can choose the best option for your financial situation!
Why Use Our Student Loan Calculator? Our free student loan calculator helps you estimate your monthly payments, total interest, and payoff date for both Standard and Income-Driven repayment plans. Whether you have federal or private student loans, our tool provides accurate calculations with detailed amortization schedules. Compare different repayment strategies, extra payments, and loan terms to make informed decisions about your student loan debt.
● Basic Inputs
Choose your repayment plan
💡 All calculations are estimates. Rates vary by lender and location. Please verify with official sources for accurate numbers.
Enter values to see results
Results update automatically