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Home/Tools/Finance & Tax/Student Loan Calculator/For Students

Student Loan Calculator for Students & Recent Graduates

Compare student loan repayment plans. Calculate monthly payments for Standard, Graduated, and Income-Driven plans. See how extra payments save money. Tailored with tips and guidance for Financial tools for students managing loans, budgeting on entry-level salaries, and building credit..

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StudentsTips for Students & Recent Graduates

  • 1Federal student loan interest is tax-deductible up to $2,500 per year
  • 2Income-driven repayment plans cap payments at 10-20% of discretionary income
  • 3Start building credit early with a secured credit card or as an authorized user
  • 4The Lifetime Learning Credit offers up to $2,000/year for education expenses
  • 5Even small retirement contributions in your 20s grow exponentially — start with your employer match
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About Student Loan Calculator for Students & Recent Graduates

This student loan calculator is specifically designed for Financial tools for students managing loans, budgeting on entry-level salaries, and building credit.. Whether you're just getting started or looking to optimize your financial strategy, this calculator provides the insights you need to make informed decisions.

Why Students & Recent Graduates Need This Calculator

Students & Recent Graduates face unique financial considerations that generic calculators don't address. Use the tips above alongside this student loan calculator to get a complete picture of your financial situation. The calculator is completely free, runs instantly in your browser, and never stores your personal data.

← View Student Loan Calculator (general version)

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$1,000$200,000
1%15%
Repayment Plan Comparison
PlanMonthlyTotal PaidTotal InterestTerm
Standard (10-Year)
Cheapest Overall
$379.84$45,581$10,58110 yr
Graduated
$227.91$53,080$18,08010 yr
Extended (25-Year)
$214.93$64,479$29,47925 yr
Income-Driven (IDR)
Lowest Monthly
$186.75$56,025$39,11825 yr
Extra Payment Impact (Standard 10-Year Plan)
+$50/mo
extra payment
Interest Saved$1,672
Time Saved1yr 5mo
Payoff In8yr 7mo
+$100/mo
extra payment
Interest Saved$2,880
Time Saved2yr 7mo
Payoff In7yr 5mo
+$200/mo
extra payment
Interest Saved$4,514
Time Saved4yr 1mo
Payoff In5yr 11mo
Public Service Loan Forgiveness (PSLF)
Eligible for PSLF (Federal loan)

After 120 qualifying payments (10 years) while working for a qualifying employer, remaining balance may be forgiven.

IDR Payment
$186.75
Est. Forgiven
$18,365
Federal Student Loan Rates (2024-2025)
Undergraduate Direct: 6.53%
Graduate Direct: 8.08%
Direct PLUS: 9.08%
Private (varies): 3-15%+
Income-Driven Repayment (IDR) calculates payment as 10% of discretionary income (income above 150% of federal poverty guideline). Remaining balance may be forgiven after 20-25 years.