Question 1

What repayment strategies does this calculator compare?

Accepted Answer

Our calculator analyzes Standard, Graduated, Extended, and all Income-Driven Repayment plans (SAVE, IBR, PAYE, ICR), plus Direct Consolidation and private refinancing options when applicable.

Question 2

How accurate are the Income-Driven Repayment calculations?

Accepted Answer

We use the same formulas as the federal student aid website, including current poverty guidelines and discretionary income calculations. Results should match official government calculators.

Question 3

Should I refinance my federal loans?

Accepted Answer

Refinancing can lower your interest rate but you'll lose federal protections like income-driven repayment, forbearance, and forgiveness programs. Our calculator shows when refinancing makes financial sense while highlighting what you'll give up.

Question 4

What is the SAVE plan?

Accepted Answer

SAVE (Saving on A Valuable Education) is the newest income-driven repayment plan that generally offers the lowest monthly payments and most generous forgiveness terms for federal student loans.

Student Loan Repayment Calculator

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