Student Loan Calculator
Repayment estimator with extra payments.
Repayment Strategies
Student loans can linger for decades if only minimum payments are made. Even small extra payments can shave years off the term.
Types of Repayment Plans
- Standard: Fixed payments over 10 years. Saves the most interest.
- Graduated: Payments start low and increase every two years.
- Income-Driven (IDR): Payments are capped at a percentage of your discretionary income. Useful if your income is currently low relative to debt.
Refinancing
Refinancing private student loans can lower your interest rate. Be cautious refinancing federal loans, as you lose benefits like income-driven repayment and forgiveness programs.