WiseCalc

Student Loan Repayment Calculator

Compare hypothetical monthly payments, accrued interest and remaining student debt over the entered term.

$
$1,000$200,000
%
1%12%
years
5 years30 years
$
$10,000$250,000
110

Hypothetical monthly scenarios; not federal repayment plans, eligibility or forgiveness estimates. APR is divided by 12, with end-of-month payments and no fees, subsidies, daily servicing accrual or income changes.

Rising payments start at 80% of the fixed payment and increase 15% every 24 months. This synthetic schedule may leave unpaid debt; the final payment is capped at the amount due.

The income illustration uses 10% of income above 225% of the 2026 HHS poverty reference for the contiguous 48 states and DC, divided by 12. These are assumed coefficients, not current program rules; Alaska and Hawaii are excluded.

2026 HHS reference: https://aspe.hhs.gov/poverty-guidelines/ Official repayment calculator: https://studentaid.gov/repayment-calculator/

Initial monthly payment
$318.20
Paid during modeled term
$38,183.59
Interest accrued
$8,183.59
Remaining balance
$0.00
Modeled payoff month
120

Repayment Comparison

Compare both payments and remaining debt over the same entered term. Lower payments alone do not mean a cheaper or fully repaid loan.

  • Paid during modeled term
  • Remaining balance

Student Loan Repayment Calculator

This calculator compares hypothetical fixed, rising and income-based payments over the same entered term. It does not determine federal repayment-plan eligibility, actual servicing payments, refinancing terms, subsidies or forgiveness.

Interest equals the annual rate divided by 12, applied to the current balance before each end-of-month payment. Unpaid interest compounds. Installments are capped at debt due; accrued interest, actual payments, remaining debt and modeled payoff month are separate results. The fixed schedule pays the actual final amount due.

Rising payments begin at 80% of the fixed payment and increase 15% every 24 months. These are synthetic assumptions, not federal graduated-plan rules, and may leave unpaid debt. The income illustration uses 10% of income above 225% of the HHS 2026 poverty reference for the contiguous 48 states and DC, divided by 12. Alaska and Hawaii are excluded. Income and family size stay constant; the coefficients are assumed, not current program rules.

Lower payments alone do not mean a cheaper loan or complete repayment. Compare payments and remaining debt together. Fees, daily servicing accrual, subsidies and future income changes are not modeled. For actual federal options, use the official Federal Student Aid repayment calculator and contact your servicer.

How to use this calculator

  1. This calculator compares hypothetical fixed, rising and income-based payments over the same entered term. It does not determine federal repayment-plan eligibility, actual servicing payments, refinancing terms, subsidies or forgiveness.
  2. Interest equals the annual rate divided by 12, applied to the current balance before each end-of-month payment. Unpaid interest compounds. Installments are capped at debt due; accrued interest, actual payments, remaining debt and modeled payoff month are separate results. The fixed schedule pays the actual final amount due.
  3. Rising payments begin at 80% of the fixed payment and increase 15% every 24 months. These are synthetic assumptions, not federal graduated-plan rules, and may leave unpaid debt. The income illustration uses 10% of income above 225% of the HHS 2026 poverty reference for the contiguous 48 states and DC, divided by 12. Alaska and Hawaii are excluded. Income and family size stay constant; the coefficients are assumed, not current program rules.

Frequently Asked Questions