Student Loan Repayment Calculator

Your details

Your current total federal student loan balance.
USD
Annual interest rate on your loans. For multiple loans, use a weighted average. Graduate PLUS loans are currently around 8%, undergraduate direct loans around 6.5%.
%
Choose your federal repayment plan. Income-driven plans (IBR, PAYE, REPAYE, ICR) require you to enter your AGI and family size below.
Number of people in your household (yourself plus dependents). Larger families raise the poverty-line threshold and lower your discretionary income.
people
If your loan existed during March 2020 to September 2023, the calculator estimates the interest you saved from the 0% forbearance period.
During the COVID-19 forbearance period, 100% of voluntary payments went directly to principal because interest was 0%. This accelerated payoff.
Monthly paymentModerate interest cost
$397.42

Your estimated monthly payment under the selected plan

Total paid$47,690
Total interest charged$12,690
Repayment term120months
Interest saved by COVID-19 forbearance$7,963
Principal reduced during forbearance$0
Estimated loan forgiveness$0
Principal$35,000
Monthly payment$397.42
COVID forbearance savings$7,963
Est. forgiveness$0

Your Standard 10-Year payment is $397.42/month.

  • You will pay 36% of your original loan balance in interest over the life of the loan on the Standard 10-Year plan.
  • The COVID-19 forbearance (March 2020 to September 2023) saved you an estimated $7963 in interest that would have accrued at your rate of 6.5%.

Next stepMaking extra payments toward principal reduces your total interest cost and shortens your repayment term, even small extra amounts compound over time.

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