Choosing a student loan repayment plan
Federal and private student loans commonly offer a standard 10-year repayment plan, as well as extended plans (15, 20, or 25 years) that lower your monthly payment by spreading it over more time — at the cost of paying more interest overall.
How this calculator works
Enter your current loan balance and interest rate, then choose a repayment plan length. The calculator applies the standard loan amortization formula to find the fixed monthly payment that would pay off your balance over that term, along with the total interest you’d pay over the life of the loan.
This is a general estimate for planning purposes. Your actual available repayment plans, rates, and terms depend on your loan type and servicer — for general educational use only, not financial advice.
Last reviewed August 2026