Financial Planning Tool
Student Loan Repayment Calculator
Calculate your monthly payment, total interest, and payoff timeline for student loans. Free tool to help you plan your loan repayment strategy.
Loan Details
Enter the total amount you borrowed
Current federal rates: 5.5% - 8.05%
Standard federal repayment is 10 years
How this calculator works
Your Results
Monthly Payment
$0.00
Total Interest Paid
$0.00
Over 10 years
Total Amount Paid
$0.00
Principal + Interest
Repayment strategies
- • Pay extra toward principal to reduce total interest
- • Consider income-driven repayment plans if monthly payments are too high
- • Refinancing may lower your interest rate (but you'll lose federal protections)
Understanding Student Loan Repayment
Federal student loans typically come with a 10-year standard repayment plan. Your monthly payment depends on your total loan balance, interest rate, and chosen repayment period.
Federal Loan Interest Rates (2025-26)
- • Undergraduate Direct Loans: 5.50%
- • Graduate Direct Unsubsidized: 7.05%
- • Graduate PLUS Loans: 8.05%
Repayment Plan Options
- • Standard: Fixed payments over 10 years
- • Graduated: Payments start low and increase every 2 years
- • Extended: Up to 25 years for loans over $30,000
- • Income-Driven: Payments based on income and family size (IBR, PAYE, SAVE)
Disclaimer: This calculator provides estimates for educational purposes. For official repayment details, contact your loan servicer or visit StudentAid.gov. Interest rates shown are for federal loans as of 2025-26.