Student loan repayment can be complex, with various plans available to suit different financial situations. Understanding your options is crucial for managing your student debt effectively.

Key Repayment Plans:

• Standard Repayment: Fixed monthly payments over 10 years.
• Extended Repayment: Lower monthly payments spread over a longer period, up to 25 years.
• Graduated Repayment: Payments start low and increase every two years, typically over 10 years.
• Income-Driven Repayment (IDR) Plans: Monthly payments based on your income and family size. These include:
  • Income-Based Repayment (IBR)
  • Pay As You Earn (PAYE)
  • Revised Pay As You Earn (REPAYE)

This calculator provides a simplified estimate of your loan repayment. For the most accurate information about your specific loans and repayment options, consult with your loan servicer or a financial advisor.