Loan Details
Even $50-100/mo extra can save thousands in interest
Student Loan Repayment Plans:
• Standard: 10-year fixed payments
• Graduated: Start low, increase every 2 years
• SAVE (formerly REPAYE): Income-driven, 5-10% discretionary income
• PSLF: 120 qualifying payments for government/non-profit workers
Payoff Comparison
Standard vs. accelerated payoff
Standard Payoff
124 months
October 2036
Accelerated Payoff
80 months
February 2033
Pay off 44 months earlier
Save $6,405 in interest
Standard Total Interest$16,871
Accelerated Total Interest$10,466
Standard Total Paid$61,871
Accelerated Total Paid$55,466
Balance Over Time
Mo 6
$42,225
Mo 18
$36,398
Mo 30
$30,181
Mo 42
$23,548
Mo 54
$16,470
Mo 66
$8,918
Mo 78
$860
Mo 81
$0
Mo 83
$0
Mo 85
$0
Mo 87
$0
Mo 89
$0
Mo 91
$0
Mo 93
$0
Mo 95
$0
Mo 97
$0
Mo 99
$0
Mo 101
$0
Mo 103
$0
Mo 105
$0
Mo 107
$0
Mo 109
$0
Mo 111
$0
Mo 113
$0
Mo 115
$0
Mo 117
$0
Mo 119
$0
Mo 121
$0
Mo 123
$0
Mo 124
$0
Accelerated Standard
💡 Strategy: Prioritize highest-interest loans first (avalanche method) for maximum savings, or smallest balance first (snowball method) for psychological wins. Federal loan pause/IDR changes may affect your strategy.
Data Source & Legal Disclaimer
Effective: 2026-01-01
Last updated: 2 weeks ago
Update frequency: Annual
Sources: StudentAid.gov — Repayment Plans
Calculations are estimates. Federal student loan rules change frequently. Income-driven repayment plans may offer lower payments and loan forgiveness. This is not financial advice.