Student Loan Calculator

Compare Standard, Graduated, IBR, SAVE, and PSLF repayment plans side-by-side. Find the plan that costs you the least.

Scenario Name

Total Loan Balance ($)

Weighted Interest Rate (%)

Annual Gross Income ($)

Family Size

Federal Poverty Guideline: $15,060

Discretionary Income (IBR): $32,410

I work for a government or nonprofit (PSLF eligible)

Lowest Total Cost

Standard (10yr)

Total out-of-pocket: $47,776 · Monthly: $398

Standard (10yr)

Best

Monthly

$398

Total Paid

$47,776

Forgiven

—

Graduated (10yr)

Starts low, increases every 2yr

Monthly

$239

Total Paid

$54,942

Forgiven

—

IBR (20yr)

10% of discretionary income

Monthly

$270

Total Paid

$61,146

Forgiven

—

SAVE (20yr)

5% of discretionary — most affordable

Monthly

$88

Total Paid

$21,115

Forgiven

$85,644

Total Cost Comparison

IDR plan calculations are simplified estimates. Actual payments are recalculated annually based on income. SAVE plan interest subsidy not included. Consult studentaid.gov for official calculations.