Student Loan Calculator
Loan Summary
Standard repayment plan
Monthly Payment:$106.07
Total Payment:$12727.86
Total Interest:$2727.86
Loan Term:10 years
Understanding Your Loan
Key information about student loans and repayment options
Types of Student Loans
Federal student loans often have lower interest rates and more flexible repayment options than private loans. Federal loans include Direct Subsidized Loans, Direct Unsubsidized Loans, and PLUS Loans.
Repayment Plans
Standard repayment plans have fixed monthly payments over 10 years. Income-driven repayment plans adjust your monthly payment based on your income and family size, potentially extending your repayment period.
Loan Forgiveness
Some federal loans may be eligible for forgiveness programs like Public Service Loan Forgiveness (PSLF) or Teacher Loan Forgiveness if you meet certain criteria.