Use this Student Loan Repayment Calculator to calculate your student loan repayments and see a full breakdown of your payments over time. It also creates a printable amortization schedule for your loan
Pretend it's September 2020, you owe $75,000 (federal loans and/or private loans) at 6% with a 10-year standard repayment plan, and your required monthly student loan payment is $833. Using the Student Loan Payoff Calculator, you can see it would take until August 2030 – a full 10 ...
This calculator provides estimates intended for use only as a planning guide. Results are based on a standard repayment plan (where you pay a fixed amount every month for a set number of months depending on your loan term) and the prepayment scenario you input above, and assumes: ...
Compare the SAVE plan for student loans with existing IDR options to find the best repayment and forgiveness path in 2025.
Loan term Your loan term is the amount of time you have to repay the loan in full. For federal student loans under a standard repayment plan, the default loan term is 10 years. However, student loans that are under an alternative payment plan offer terms from 10 to 25 years. Like priva...
You can calculate your payoff date using a student loan payoff calculator. You'll need your current loan balance, the loan's interest rate and the amount you pay each month. If you're on an income-driven repayment plan, your student loan will be paid off when the amount you owe is pai...
If you’re having trouble making payments on your federal loans, you can extend the term to 20 or 25 years with an income-driven repayment plan. Income-driven plans lower your monthly loan payments, but increase the total interest you’ll pay throughout the life of your loan. Private lende...
Did you know that you can save money on your student loans by refinancing? We compared the best student loan refinancing and consolidation companies!
Any one of the strategies mentioned above, alongside the use of this student loan calculator, can help you work toward your early student loan repayment goal. View additionalStudent Loan Calculatorshere at LendEDU.
This is the total dollar value of federal student loans forgiven for members via an Income-Driven Repayment (IDR) plan or Public Service Loan Forgiveness (PSLF) as of 05/28/2024. This dollar value is based on the member-reported forgiveness amount and can be substantiated by official documenta...