Student Loan Calculator
$0.00 / month on the standard 10-year plan
| Term | Monthly Payment | Total Interest | Total Paid |
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Why Compare Repayment Terms?
Federal student loans typically default to a 10-year standard repayment plan, but extended plans of 15, 20, or 25 years are often available, trading a lower monthly payment for significantly more interest paid over the life of the loan.
What About Income-Driven Repayment?
Income-driven repayment (IDR) plans base your payment on your income and family size rather than your balance, and can lead to loan forgiveness after 20-25 years of qualifying payments. IDR payments can be lower or higher than the standard plan shown here depending on your income, so treat this calculator as a fixed-payment comparison rather than an IDR estimate.
Paying Extra Toward Student Loans
If you can afford more than your required payment, use the amortization calculator to see exactly how much time and interest an extra monthly payment would save on your specific term.
Frequently Asked Questions
Does this include income-driven repayment plans?
No, this compares fixed-payment standard terms only. Income-driven repayment bases your payment on income and family size and can differ significantly.
Should I choose a longer repayment term?
A longer term lowers your monthly payment but increases total interest paid — only worth it if you genuinely need the lower payment.