US · Federal & private · FreeMonthly payments, amortization, and a side-by-side look at Standard, Graduated, Extended, IBR, SAVE, and PSLF.
Estimates update as you type.
Payment math is the same; federal loans may offer IDR and forgiveness (see Repayment Plans tab).
Monthly (standard)
$397.42
With extra payment
$397.42
| Year | Balance | Principal paid | Interest paid |
|---|---|---|---|
| 1 | $32,430 | $2,570 | $2,199 |
| 2 | $29,689 | $2,742 | $2,027 |
| 3 | $26,763 | $2,925 | $1,844 |
| 4 | $23,642 | $3,121 | $1,648 |
| 5 | $20,312 | $3,330 | $1,439 |
This calculator provides estimates for education only and is not financial, legal, or tax advice. Actual federal program rules, servicer calculations, and court outcomes may differ. Cashsembly is not affiliated with the U.S. Department of Education.
Federal student loan interest rates for 2026-2027 are set annually by Congress. Undergraduate Direct Loans are approximately 6.53%, graduate loans 8.08%, and PLUS loans 9.08%. Private loan rates vary by lender and credit score.
Federal student loan borrowers can choose from Standard (10 years), Graduated, Extended (25 years), Income-Based Repayment (IBR), and the SAVE plan. PSLF forgives remaining balances after 10 years of payments in public service.
SAVE (Saving on a Valuable Education) is an income-driven repayment plan that caps payments at 5% of discretionary income above 225% of the federal poverty line. As of 2026, the plan faces ongoing legal challenges. Check StudentAid.gov for current status.
PSLF forgives the remaining federal student loan balance after 120 qualifying payments (10 years) while working full-time for a government or non-profit employer. The forgiven amount is not subject to federal income tax.
Making extra monthly payments reduces your principal faster and saves significant interest. Even $50–$100 extra per month can shorten a 10-year loan by 1–2 years and save thousands in interest.