Federal Student Aid, an office of the U.S. Department of Education: Proud sponsor of the American mind. Federal Student Aid, an office of the U.S. Department of Education: Proud sponsor of the American mind.

Repayment Estimator

Repayment Plans

Which loans are included?

When we estimate your payments for each repayment plan, we include only the loans that are eligible for that repayment plan.

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. Instead, we display consolidation loan(s) in a separate table below.

If some of your loans aren't eligible for a repayment plan, the estimated payment for that repayment plan won't 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.

What assumptions do we make?

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.

Repayment Period - We assume that you have just entered repayment and estimate your payments assuming that you still have the full repayment period to repay your loans. For example, we estimate your payments under the Extended Repayment Plan using a 25-year repayment period, even if you have less than 25 years remaining. We also assume that you'll pay continuously throughout the repayment period with no breaks for deferment or forbearance.

Discretionary Income - We assume that your income will grow 5% each year, that your family size will remain the same during the life of the loan, and that the poverty guidelines will increase based on the Congressional Budget Office's estimation of inflation.

Variable interest rates - For loans with variable interest rates, we assume that the current interest rate won't change during the life of the loan.

Consolidation Loans - We assume that Direct and FFEL Consolidation Loans don't contain any underlying loans made to parents, which are ineligible for the REPAYE, PAYE, and IBR plans.

Projected Loan Forgiveness

Projected Loan Forgiveness: Under the income-driven repayment plans, you may have the remaining balance of your loan forgiven if your loan is not repaid in full after 240 months (20 years) or 300 months (25 years). Whether your loans are forgiven after 20 or 25 years depends on the plan you choose, and if other conditions are met (see Eligibility Requirements in the Terms & Conditions). Your Projected Loan Forgiveness will be $0 if we estimate that you will repay your loan balance in full within 240 or 300 months.

Projected Loan Forgiveness for PSLF

Projected Loan Forgiveness for PSLF: Under the Public Service Loan Forgiveness (PSLF) program, you may qualify for forgiveness of the remaining balance due on your William D. Ford Federal Direct Loan (Direct Loan) Program loans after you have made 120 qualifying payments on those loans while employed full-time by certain public service employers. You must have made 120 separate monthly payments after Oct. 1, 2007, on the Direct Loans for which you are requesting forgiveness. In general to have a loan balance after 10 years, the 120 required payments should be while making reduced monthly payments under an Income-Driven Repayment plan. However, PSLF qualifying payments can also be made on a 10-year Standard Repayment Plan or any other Direct Loan Program repayment plan where the monthly payment is at least equal to the monthly payment amount that would have been required under the 10-year Standard Repayment Plan.

Estimate Your Payments

Your Loan Information

Your Loan Information
Average Loan Balance
$ 0
Interest Rate
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Your Loan Balance
$ 0
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Your Tax Filing Status

 

Your Family Size

The following questions will be used to calculate your family size . Do not Include yourself or your spouse (if applicable) in your responses to these questions. You and your spouse, as appropriate, are automatically included in your family size.

How many children, including unborn children, are in your family and receive more than half of their support from you?
How many people, excluding your spouse and children, live with you, and receive more than half of their support from you?

What is your marital status?

Based on your responses to these questions, your family size has been calculated as . Your family size will be used to calculate repayment estimates in the table below.
 

Repayment Estimator   

More Information 
Repay Loans
Show payment estimated under Public Service Loan Forgiveness (PSLF)  
Standard
You're not eligible for this plan based on the information entered above.
 
Graduated
You're not eligible for this plan based on the information entered above.
 
Revised Pay As You Earn (REPAYE)
You're not eligible for this plan based on the information entered above.
 
Pay As You Earn (PAYE)
You're not eligible for this plan based on the information entered above.
 
Income-Based Repayment (IBR)
You're not eligible for this plan based on the information entered above.
 
IBR for New Borrowers
You're not eligible for this plan based on the information entered above.
 
Income-Contingent Repayment (ICR)
You're not eligible for this plan based on the information entered above.
 

Next Steps

Contact your Loan Servicer
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View or Add Your Loans Close

No Loan Information Found.

Additional Loans

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The chart will display only the repayment plans that you may be eligible for based on the eligibility of your loan type(s). Contact your servicer to confirm your eligibility for this repayment plan.

Eligible
Not eligible
Not enough information to determine/Contact your servicer
  • 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.

Spouse's Loan(s) Close

Spouse Information

Your spouse's eligible federal student loans and income may be taken into account if:
  • you file a joint federal income tax return with your spouse.
  • you and your spouse have a joint Direct or FFEL Consolidation Loan.
If either of these apply, your spouse's income, loan amount(s) and interest rate(s) should be added to provide more accurate payment information.

Spouse's Loan(s)

Only loan types that may be repaid under the income-driven repayment plans will display in the dropdown box.
Combined Annual Income:
$
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The chart will display only the repayment plans that you may be eligible for based on the eligibility of your loan type(s). Contact your servicer to confirm your eligibility for this repayment plan.

Eligible
Not eligible
Not enough information to determine/Contact your servicer
  • 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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