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Read guide →Student Loan Repayment Calculator
Standard, income-driven and forgiveness.
🎓 Student Loan Repayment Calculator
Standard total cost
Standard payoff
Income-Driven and Graduated figures are simplified estimates. Actual SAVE/IDR payments depend on annual recertification and current federal rules.
How to Use
- Enter your loan balance and interest rate.
- Choose a repayment plan.
- For income-driven, add your AGI and family size.
- Compare the monthly payment against the Standard 10-year cost.
Calculation Method
Standard payments use the amortized formula over the chosen term. The Income-Driven (SAVE) estimate is 10% of discretionary income ÷ 12, where discretionary income = AGI − 225% of the federal poverty guideline for your family size. Graduated payments start lower and step up every two years.
Examples
$35,000 at 6.5%, Standard 10-year
About $397/month, roughly $12,700 in total interest over 10 years.
Frequently Asked Questions
Income-driven plans usually offer the lowest monthly payment, but you may pay more interest over time. Standard pays the loan off fastest.
No — they are simplified estimates. Actual SAVE/IDR payments depend on annual recertification and current federal rules.
Federal borrowers can generally change plans for free. Refinancing to a private lender, however, removes access to federal plans.
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Read guide →Disclaimer
Calculations are estimates based on the information you provide. Actual loan terms, rates, and payments vary by lender, credit score, and other factors. SmartLoanCalcs is not a lender and this is not a loan offer. We are not responsible for decisions made based on these calculations — consider consulting a licensed lender or financial advisor.
Last updated: May 24, 2026