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Student loan debt and education financing

Student Loan Calculator

Calculate your student loan payments, compare repayment plans, and see how extra payments can save thousands in interest and years of payments.

Calculate PaymentsDebt Payoff Calculator
$37K
Average Debt
5.8%
Average Rate
10yr
Standard Term
IDR
Income Plans

Loan Information

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Federal rates: 5.5% undergrad, 7.05% grad

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Extra amount toward principal

For Income-Driven Plans

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Payment Plan Comparison

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Federal Loan Repayment Options

Standard Repayment

Fixed payments over 10 years. Highest monthly payment but lowest total interest.

Income-Driven Repayment (IDR)

Payments based on income and family size. Options include IBR, PAYE, REPAYE, and ICR. May qualify for loan forgiveness after 20-25 years.

Graduated Repayment

Payments start low and increase every 2 years. Good for those expecting income growth.

Extended Repayment

Lower payments over 25 years. Reduces monthly burden but increases total interest.

Student Loan Strategies

Extra payments strategy

Make Extra Payments

Even $50 extra monthly can save thousands in interest. Apply extra payments to principal only.

Loan forgiveness programs

Consider Forgiveness

Public Service Loan Forgiveness (PSLF) and IDR forgiveness can eliminate remaining debt after qualifying payments.

Refinancing options

Refinancing Options

Private refinancing can lower rates but eliminates federal protections like IDR and forgiveness.

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Why Trust Our Tools?

Real Industry Experience: Built by professionals with 10+ years in real estate investing, mortgage lending, and financial planning.
Bank-Approved Formats: Our financial statements follow the exact formats required by lenders, SBA, and financial institutions.
Used in Real Transactions: These tools have been used for actual loan applications, investor presentations, and business valuations.
$50M+
In Deals Analyzed
10+
Years Experience
100%
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Content reviewed and updated: January 2026Data stored locally - we never access your information

Professional-Grade Financial Calculators

Our financial calculators are built by professionals with over a decade of experience in real estate investing, mortgage lending, and financial planning. Unlike generic online calculators, our tools use the same formulas and methodologies trusted by banks, lenders, and financial advisors.

Why Our Calculators Are Different

  • Bank-Grade Accuracy: We use the exact same amortization schedules, compound interest formulas, and tax calculations that financial institutions rely on.
  • Real-World Tested: These calculators have been used in actual loan applications, investment analyses, and financial planning sessions.
  • Privacy First: All calculations happen in your browser. We never store, transmit, or access your financial data.
  • No Hidden Upsells: Free means free. Use our calculators unlimited times with no registration required.

How to Use These Calculators Effectively

For the most accurate results, gather your financial documents before starting. Having your current account balances, interest rates, and income figures handy will help you get realistic projections. Remember that these calculators provide estimates—for major financial decisions, always consult with a qualified financial advisor or CPA.