Student Loan Payoff Calculator

The loan

Balance ($)

Interest rate (%)

Standard term (years)

Extra payment ($/mo)

Income-driven option

Adjusted gross income ($/yr)

Income growth (%/yr)

Pay % of discretionary

Poverty line ($)

Forgiveness (years)

IDR plans typically charge ~10% of income above 150% of the federal poverty line, with the remainder forgiven after 20–25 years (taxable as income in many cases).

Standard payment

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With extra payments

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IDR starting payment

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IDR forgiven balance

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Three paths, total cost

Plan	Payoff	Total paid	Interest / forgiven

Balance over time

Standard + extra Income-driven