How to Use the Student Loan Calculator

Our student loan calculator helps you understand your repayment options and develop strategies to pay off your loans faster. Enter your loan details to see monthly payments, total interest, and the impact of extra payments.

Repayment Plan Options

Standard Repayment: Fixed payments over 10 years, typically the lowest total interest
Graduated Repayment: Payments start low and increase every two years
Income-Driven Repayment: Payments based on income and family size, with loan forgiveness after 20-25 years

Tax Benefits

You may be able to deduct up to $2,500 in student loan interest annually, subject to income limits. This deduction can provide significant tax savings over the life of your loan.