Student Loan Calculator
Calculate student loan payments and compare repayment plans
$
%
Fixed payments over 10 years
$
Monthly Payment
$379.84
Total Interest
$10,581.04
Payoff Time
10y 0m
Loan Balance Over Time
| Year | Balance |
|---|---|
| Month 1 | $34,780.57 |
| Month 7 | $33,442.74 |
| Month 13 | $32,067.69 |
| Month 19 | $30,654.40 |
| Month 25 | $29,201.78 |
| Month 31 | $27,708.76 |
| Month 37 | $26,174.21 |
| Month 43 | $24,596.98 |
| Month 49 | $22,975.87 |
| Month 55 | $21,309.66 |
| Month 61 | $19,597.11 |
| Month 67 | $17,836.91 |
| Month 73 | $16,027.76 |
| Month 79 | $14,168.28 |
| Month 85 | $12,257.07 |
| Month 91 | $10,292.70 |
| Month 97 | $8,273.68 |
| Month 103 | $6,198.51 |
| Month 109 | $4,065.61 |
| Month 115 | $1,873.37 |
| Month 120 | $0.00 |
Impact of Extra Payments
+$50.00/month
Save $1,671.74 in interest
Pay off 17 months sooner
+$100.00/month
Save $2,880.48 in interest
Pay off 31 months sooner
+$200.00/month
Save $4,513.89 in interest
Pay off 49 months sooner
Current Federal Student Loan Rates (2025-26)
| Direct Subsidized & Unsubsidized (Undergrad) | 6.39% |
| Direct Unsubsidized (Graduate) | 7.94% |
| Direct PLUS (Parents & Graduate) | 8.94% |
Repayment Strategies
- Make payments during grace period to reduce principal before interest capitalizes
- Consider refinancing if you have good credit and stable income
- Public Service Loan Forgiveness (PSLF) may forgive remaining balance after 120 qualifying payments
- Student loan interest may be tax-deductible (up to $2,500 per year)
- Autopay often provides a 0.25% interest rate reduction
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