Student Loan Calculator (Standard vs Income-Driven)
Compare the standard 10-year repayment against an income-driven plan (SAVE/PAYE/IBR-style). Shows monthly payment, total interest, and balance forgiven at year 20.
FINANCECompare a standard 10-year repayment plan against an income-driven repayment plan (SAVE/PAYE/IBR-style). Shows monthly payment, total paid, total interest, and any balance forgiven at the 20-year mark.
Income-driven plans cap payments at ~10% of discretionary income (income above 225% of the federal poverty line under SAVE). Remaining balance is forgiven after 20-25 years on most plans (10 years on PSLF for qualifying public-service workers). Federal loans have fixed rates set annually; private loans have variable terms.
Student Loan Calculator
Compare a standard 10-year repayment plan against an income-driven repayment plan (SAVE/PAYE/IBR-style). Shows monthly payment, total paid, total interest, and any balance forgiven at the 20-year mark on income-driven plans.
Income-driven repayment programs (SAVE, PAYE, IBR, ICR) have been in flux since 2023-2025 litigation. SAVE is currently in forbearance pending court rulings - check StudentAid.gov for the current status. Forgiven amounts may be taxable depending on year and state. PSLF (Public Service Loan Forgiveness) is a separate program with different rules.