US Student Loan Repayment & SAVE Calculator
Compare Standard 10-year, SAVE (with 100% unpaid interest subsidy), and IDR repayment plans with debt forgiveness estimates.
Compare Standard 10-year, SAVE (with 100% unpaid interest subsidy), and IDR repayment plans with debt forgiveness estimates.
Compare Standard 10-year, SAVE (with 100% unpaid interest subsidy), and IDR repayment plans with debt forgiveness estimates. Calculate exact, penny-accurate projections compliant with 2026 IRS • St. Louis FED (FRED) standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
| Plan | Monthly Payment | Total Interest | Total Repaid | Term |
|---|---|---|---|---|
| Standard 10-Yr Fixed | $454.19 | $14,503.03 | $54,503.03 | 10 Years |
| SAVE (Income-Driven) | $82.45 | $19,787.5 | $19,787.5 | 20 Yrs (Forgiven) |
| Traditional IBR / PAYE | $262.71 | $52,000 | $63,050 | 20 Years |
| Graduated 10-Yr Plan | $272.52 – $590.45 | $18,863.27 | $58,863.27 | 10 Years |
Standard PMT = P × [r(1+r)ⁿ] / [(1+r)ⁿ - 1] | SAVE = [max(0, AGI - 2.25 × PovertyLine) × Rate] / 12Federal student loan repayment models compare fixed-amortization schedules against statutory income-driven formulas defined by the US Department of Education. High-precision IEEE-754 decimal arithmetic ensures exact subsidy thresholds and amortization schedules.
Pre-calculated benchmark tables across different budgets, terms, and rate models.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, underwriting, or legal advice. Actual interest rates, closing costs, lender fees, and statutory criteria may vary. Calconova explicitly disclaims all liability for any financial decisions or actions taken based upon these calculations. Users are strongly advised to consult a certified financial planner, CPA, or licensed lending officer prior to executing financial commitments.
The SAVE plan is the Biden-Harris administration's income-driven repayment (IDR) plan. It protects 225% of the federal poverty guideline from repayment (meaning single borrowers making under ~$35,212 pay $0/month). It caps undergraduate loan payments at 5% of discretionary income and graduate loans at 10%. Crucially, as long as you make your monthly payment, the government covers 100% of remaining unpaid monthly interest, so your balance never grows.
The Standard 10-Year Fixed plan almost always results in the lowest total interest paid if your income is moderate-to-high, because you aggressively extinguish principal in 120 payments. However, for low-to-moderate earners or public service workers pursuing PSLF (Public Service Loan Forgiveness), the SAVE plan can yield massive total savings due to zero-interest accumulation and eventual tax-free debt forgiveness.
Under the American Rescue Plan Act, federal student loan forgiveness is exempt from federal income taxes through December 31, 2025. Unless extended by Congress, forgiveness granted after 2025 under non-PSLF income-driven plans could be treated as taxable income under standard IRS insolvency rules, whereas Public Service Loan Forgiveness (PSLF) remains permanently tax-free.
Yes. Federal direct loan borrowers can switch between repayment plans at any time via StudentAid.gov without penalty, provided their loans remain in good standing.
Project retirement savings with employer match, compound returns, and IRS annual contribution limits.
Calculate 2026 IRS tax brackets, standard deduction, Social Security, Medicare, and take-home pay.
Calculate combined state and municipal sales tax for all 50 US states.