- beginning repayment of your federal student loans for the first time; or
- exploring repayment options based on your income.
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The Repayment Estimator estimates your federal student loan payments under each repayment plan so you can make an informed decision regarding your first repayment plan. If you don't actively choose a different repayment plan, your loan servicer will place you on the Standard repayment plan.
If you have already been repaying your federal student loan(s) and want to explore the Standard, Graduated, or Extended repayment plans, we recommend contacting your loan servicer to explore the best repayment option for you. You can still use the Repayment Estimator to help you estimate your monthly payments, but the payment estimates will be less accurate the longer you've been in repayment.
If you have already been repaying your federal student loan(s) and are exploring the REPAYE, PAYE, IBR, or ICR repayment plan, the Repayment Estimator will still help you estimate your monthly payments, but the Total Interest Paid and Total Amount Paid will be less accurate.
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*Some of your loans might not be eligible for this repayment plan, check the repayment plan eligibility information below or ask your servicer for more information.
Based on the circumstances of your loans, you may have to pay interest on your Direct Subsidized Loans during all periods.
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Your Tax Filing Status | |
Loan Type | |
Balance | |
Interest Rate |
The interest rate displayed is the weighted average of all the interest rates on your loans. A weighted average interest rate takes into account the amount of each loan that factors into the weighted average to make the calculations more accurate. For example, the interest rate on a $10,000 loan will impact the weighted average more heavily than will the interest rate of a $5,000 loan.
CloseIf any of these apply, add your spouse's loan(s) (if any) and interest rate(s) here and enter your combined adjusted gross income (AGI) for Your Income.
The payment estimates below will include your spouse's income and loans (if any) for purposes of determining payment estimates for your loans only. To obtain payment estimates for your spouse's loan(s), your spouse may sign-in and/or use this tool to estimate payments for his/her loans separately.
CloseYour Income | |
Adjusted Gross Income is an individual (or couple's) total taxable income minus specific reductions. You can find your Adjusted Gross Income on your most recently filed IRS Form 1040, 1040A, or 1040EZ, or by requesting a tax return transcript online at http://www.irs.gov/Individuals/Get-Transcript Adjusted Gross Income is an individual (or couple's) total taxable income minus specific reductions. You can find your Adjusted Gross Income on your most recently filed IRS Form 1040, 1040A, or 1040EZ, or by requesting a tax return transcript online at http://www.irs.gov/Individuals/Get-Transcript
CloseFamily size always includes you and your children (including unborn children who will be born during the year for which you certify your family size), if the children will receive more than half their support from you.
For the PAYE, IBR, and ICR Plans, family size also always includes your spouse.
For the REPAYE plan, family size includes your spouse unless your spouse's income is excluded from the calculation of your payment amount.
For all plans, family size also includes other people only if they live with you now, receive more than half their support from you now, and will continue to receive this support for the year that you certify your family size. Support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, and payment of college costs.
For the purposes of repayment plans, your family size may be different from the number of exemptions you claim on your federal income tax return.
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan (i.e. IDR or Standard Repayment plan) while working full-time for certain public service employers.
Qualifying employers include governmental organizations and many not-for-profit organizations.
Your Estimated Payments |
When we estimate your payments for each repayment plan, we include only the loans that are eligible for that repayment plan. If some of your loans are not eligible for a repayment plan, the estimate for that repayment plan will not reflect the total amount that you will repay on all of your federal student loans.
Contact your loan servicer to further discuss which plan is right for you.
When we estimate your payments for each repayment plan, we include only the loans that are eligible for that repayment plan. You can check which loans are eligible for which repayment plans by expanding the loan categories in "Your Loans" above.
If you have consolidation loan(s), as well as other federal student loans that aren't consolidation loan(s), we don't include the consolidation loan balance(s) in the Standard and Graduated repayment estimates in the main table. Instead, we display consolidation loan(s) in a separate table below.
If some of your loans aren't eligible for a repayment plan, the estimate for that repayment will not reflect the total amount that you'll repay on all of your federal student loans. For example, if you have FFEL Program Loans and Direct Loans, and are interested in the Extended Repayment Plan, but only your Direct Loans are eligible for the Extended Repayment Plan, then the estimated payments for the Extended Repayment Plan will only be based on your Direct Loans, and won't include your FFEL Program Loans. Therefore, the estimated payments for the Extended Repayment Plan won't be the total amount that you have to repay each month for all of your federal student loans.
Monthly payment amounts presented here are estimates only and are based on several assumptions that may not apply to you. To discuss actual monthly payment amounts, contact your loan servicer.
We also assume that you'll pay continuously throughout the repayment period with no breaks for deferment or forbearance.
Repayment Period | Initial Monthly Payment | Final Monthly Payment |
Projected Loan
Forgiveness ![]() |
Total Amount Paid |
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Repayment Plan | First Monthly Payment | Last Monthly Payment | Total Amount Paid |
Projected Loan
Forgiveness ![]() |
Repayment Period |
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Standard and Graduated Repayment for Your Consolidation Loans
In the table below, we provide separate repayment estimates for consolidation loans under the Standard and Graduated repayment plans to help you understand that the repayment period ranges from 10 to 30 years, depending on your total education loan indebtedness. For example, if your total education loan indebtedness exceeds $60,000, your repayment period will be 30 years (360 months).
For more information about repayment plans for consolidation loans, contact your loan servicer.
Repayment Plan | First Monthly Payment | Last Monthly Payment | Total Amount Paid |
Projected Loan
Forgiveness ![]() |
Repayment Period |
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Repayment Period | Initial Monthly Payment | Final Monthly Payment |
Projected Loan
Forgiveness ![]() |
Total Amount Paid |
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The loan balance displayed is based on the information we received from the National Student Loan Data System (NSLDS).
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