Loan Details
Repayment
Comparison
Export
Amortization Schedule (Selected Plan: Standard)
| Year | Payment | Interest | Principal | Balance |
|---|
About Federal Student Loan Repayment Plans
This calculator implements official U.S. Department of Education formulas for Standard (10-year), SAVE (formerly REPAYE), PAYE, IBR, and ICR plans. Income-driven payments are based on discretionary income (AGI minus 150% of poverty line). Interest subsidies and forgiveness after 20-25 years are also estimated.
- Standard: Fixed payments over 10 years. Lowest total interest.
- SAVE: 5% of discretionary income for undergrad, 10% for grad. Unpaid interest is subsidized.
- PAYE/IBR: 10%/15% of discretionary income, capped at standard payment.
Student Loan Repayment FAQ
Discretionary Income = AGI - (150% × Poverty Line). Payment = 5%-20% of discretionary income / 12, depending on plan.
Under SAVE, unpaid interest is fully subsidized. Under other IDR plans, it may capitalize. This calculator reflects SAVE subsidy.
After 20 years (undergrad) or 25 years (grad) for most IDR plans. SAVE offers forgiveness after as few as 10 years for low balances.
Yes. Use the export buttons to download a CSV of the comparison or a full amortization table for any selected plan.
All calculations happen in your browser. We do not store any of your financial information.