Student Loan Repayment Calculator โ Compare Plans
Compare Standard, Graduated, Extended, and Income-Driven plans. Find the best strategy. 2026 UG: 5.50%, PLUS: 8.05%.
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Standard 10yr = lowest total interest IDR: 20-25yr forgiveness (taxable) PSLF: 10yr tax-free if govt/nonprofit
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Why: Choosing the right repayment plan can save thousands. Standard has lowest interest; IDR helps if debt exceeds income; PSLF offers tax-free forgiveness for public service.
How: PMT = Pร[r(1+r)^n]/[(1+r)^nโ1]. IDR: 10% of discretionary income. Standard 10yr, Extended 25yr, Graduated 10yr rising.
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Sample Scenarios โ Click to Load
Loan Information
Income Information (for IDR)
Repayment Plan
Standard repayment is affordable. Consider extra payments to save on interest.
Repayment Plan Comparison
| Plan | Monthly | Total Paid | Interest | Years |
|---|---|---|---|---|
| Standard | $380 | $45,581 | $10,581 | 10 |
| Graduated | $399 | $47,860 | $12,860 | 10 |
| Extended | $380 | $45,581 | $10,581 | 10 |
| IDR | $228 | $54,820 | $38,500 | 20 |
Calculation Breakdown
Loan Details
Selected Plan
Cost Analysis
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For educational purposes only โ not financial advice. Consult a qualified advisor before making decisions.
๐ก Money Facts
2026 undergrad rate
โ StudentAid
2026 PLUS rate
โ StudentAid
Auto-pay rate reduction
โ Servicers
1. Key Takeaways
- โข Standard 10yr = lowest interest
- โข IDR = income-based, 20-25yr forgiveness
- โข Extended = up to 25yr, lower payment
- โข Graduated = low start, rises every 2yr
- โข PSLF = 10yr tax-free if public service
- โข Recertify IDR annually
2. Did You Know?
Standard
10yr fixed
IDR
10% discretionary
PSLF
10yr tax-free
SAVE
Newest IDR
2026 UG
5.50%
2026 PLUS
8.05%
3. How It Works
PMT = Pร[r(1+r)^n]/[(1+r)^nโ1]. IDR: 10% of discretionary income. Standard 10yr, Extended 25yr, Graduated 10yr rising.
Inputs
Loan balance, rate, income, family size, repayment plan
Outputs
Monthly payment, total paid, total interest, forgiveness
4. Expert Tips
IDR if DTI high
Debt > income
PSLF check
Govt/nonprofit = 10yr
Auto-pay
0.25% rate cut
Extra to principal
Specify when paying
5. Comparison Table
| Plan | Term | Payment | Interest |
|---|---|---|---|
| Standard | 10 yr | Fixed | Lowest |
| Graduated | 10 yr | Rising | More |
| Extended | 25 yr | Lower | Most |
| IDR | 20-25 yr | Income-based | Forgiveness |
6. FAQ
Yes โ target highest rate first (avalanche).
Lose federal benefits. Only if won't need IDR/PSLF.
IDR: 20-25yr taxable. PSLF: 10yr tax-free.
Yes, anytime free via servicer.
7. Quick Stats
5.50%
2026 UG
8.05%
2026 PLUS
10yr
Standard
25yr
Extended max
8. Sources
9. Disclaimer
โ ๏ธ Warning: Estimates only. Verify with loan servicer. Not financial advice.
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