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Student Loan Calculator

Calculate your monthly student loan payment and compare repayment plans. See exactly how long it takes to pay off your student debt.

Loan Details
$
$1K$200K
%
1%15%
$
$
Repayment Results
$0
Standard Monthly Payment (10 years)
$0
Total Interest
$0
Total Paid
—
Payoff Date
0%
Interest as % of Loan
Compare Repayment Plans
Payoff Progress
TodayPayoff date
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How to use the student loan calculator

1

Enter your loan details

Input your total student loan balance, interest rate, and loan type. Add any extra monthly payment to see how much faster you can pay it off.

2

Compare repayment plans

See how standard, graduated, extended, and income-based repayment plans compare in monthly payment and total interest paid.

3

Find your strategy

Use the extra payment field to see how paying $50 or $100 more each month dramatically cuts your payoff timeline and total interest.

Frequently asked questions

What is the standard repayment plan?
The standard federal student loan repayment plan sets a fixed monthly payment over 10 years. It results in the least total interest paid but has the highest monthly payment. It is the default plan for most federal loan borrowers.
What is income-based repayment?
Income-Based Repayment (IBR) caps your monthly payment at 10-15% of your discretionary income. Remaining balances may be forgiven after 20-25 years. This plan is best for borrowers with high loan balances relative to their income.
Should I pay off student loans early?
If your student loan interest rate is low (under 5%), investing extra money may earn more than the interest you save by paying early. If your rate is high (over 6%), paying off faster usually wins. Use this calculator to compare both scenarios.
Is this calculator free?
Yes — completely free with no account or signup required.