How to Use How It Works

US Student Loan Calculator

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Loan Type

Federal Student Loan - Direct Loans, Stafford, Perkins, etc.

Private Student Loan - Bank, credit union, or other lender

Basic Loan Information

Total Loan Balance

Interest Rate (%)

Repayment Term

Income Information

Annual Income

Family Size

State of Residence

Repayment Plan

Standard Repayment - Fixed monthly payments over 10 years (default federal plan)

Graduated Repayment - Payments start low and increase every 2 years

Income-Based Repayment (IBR) - 10% for new borrowers, 15% for older borrowers

Pay As You Earn (PAYE) - 10% of discretionary income (new borrowers after 2007)

Revised Pay As You Earn (REPAYE) - 10% of discretionary income (all borrowers)

Note: Income-driven repayment plans require annual income recertification. Payments are capped at the standard 10-year payment amount. Learn more about IDR plans

Extra Payments (Optional)

Extra Monthly Payment

One-time Payment

US Student Loan Calculator: Your Guide to Education Financing

Understanding Student Loans in the United States

Student loans in the US help students finance their education through federal and private programs. Our US Student Loan Calculator helps you estimate your repayments, understand interest rates, and plan your debt management strategy.

Key Features of US Student Loans

Federal and Private Loans: Available through both federal government and private lenders.
Interest Rates: Vary by loan type and may be fixed or variable.
Repayment Plans: Multiple options including standard, income-driven, and graduated plans.
Grace Period: No payments required while in school and for 6 months after graduation.
Extra Payments: Make additional payments to reduce your debt faster.

How to Use This Calculator

Enter your loan amount, interest rate, and repayment preferences to get an accurate estimate of your repayments. The calculator shows your amortization schedule and the impact of extra payments.

Tips for US Students

Understand the difference between federal and private loans.
Check for income-driven repayment plans if you have low income.
Consider making extra payments to reduce your debt faster.
Plan your repayments around your career goals and financial situation.
Keep track of your loan balance and interest accrual.

Why Use Our Calculator?

Accurate, up-to-date formulas for the US
Includes all major loan types and features
Helps you plan your debt management strategy
Free, no registration required

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Student Loan Resources

Important Information: Disclaimer: This calculator is provided for general information only and does not consider your personal circumstances, credit history, or financial situation. It is not financial advice. You should review your loan servicer's disclosure and seek independent professional advice before making any decisions.
* We are not a lender, loan servicer, or financial advisor. This calculator is for informational purposes only and does not constitute financial advice. Rates, fees, and charges are subject to change. Actual payments may vary based on your specific loan terms, repayment plan, and lender requirements.
Federal Loan Considerations: Income-driven repayment plans require annual recertification. Loan forgiveness programs have specific eligibility requirements. Interest rates may change for variable-rate loans. Deferment and forbearance options may be available.
Private Loan Considerations: Terms and conditions vary by lender. Some private loans may not qualify for federal repayment plans. Refinancing options may be available. Contact your lender for exact payment amounts.
Important: All figures are estimates based on information you provide. Actual loan terms, rates, and fees will vary by lender and individual circumstances. Always consult with your loan servicer or financial advisor for personalized advice.