Student Loan Calculator
Calculate your monthly student loan payment, total interest cost, and payoff timeline. See how making extra payments reduces interest and shortens your repayment period.
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Frequently Asked Questions
What is the difference between subsidized and unsubsidized loans?
Subsidized loans (need-based) do not accrue interest while you are enrolled at least half-time. Unsubsidized loans accrue interest from disbursement — that interest capitalizes if unpaid, increasing your balance.
What is income-driven repayment?
IDR plans cap your monthly payment at 5–10% of discretionary income. After 20–25 years of qualifying payments, the remaining balance is forgiven (forgiveness may be taxable). SAVE, IBR, PAYE, and ICR are current IDR options.
How much student loan debt is too much?
A widely used guideline: total student loan debt should not exceed your expected starting annual salary. If you expect to earn $50,000, borrowing more than $50,000 creates significant repayment strain.