Standard vs extended plans
Longer terms cut payments but raise lifetime cost substantially. Compare totals here before choosing extended or income-driven plans if cash flow allows the standard schedule.
Student Loan Calculator
Estimate monthly payments and total cost for federal-style student loans over standard terms.
Enter your details and press Calculate to see results.
Formula
Standard amortizing payment at r = APR ÷ 12
Example
$35,000 at 5.8% over 10 years → about $385/month, roughly $11,150 total interest.
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Frequently asked questions
Is refinancing worth it?
If you can beat your current rate without losing federal protections you value, refinancing can save thousands — model the new rate here first.
Do extra payments help?
Yes — additional principal payments shorten the term directly since interest accrues daily on the balance.
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