🎓 Student Loan Repayment Planner
Model standard 10-year loan amortization against federal income-driven plans (SAVE/IDR based on 225% poverty line threshold) and see the power of extra monthly payments.
Loan & Borrower Details
$
%
Federal Direct average: 5.5%–7.5%
$
Used for SAVE / IDR discretionary calculation
$
Applied directly to principal each month
Standard 10-Year Monthly Payment
$511 / mo
Total Interest: $16,319
Federal SAVE / IDR Plan Payment
$176 / mo
10% of discretionary income above poverty line
Accelerated Payoff Time (with +$150/mo)
85 Months (~7.1 Yrs)
Interest Saved with Extra Payment
$4,820
Discretionary Income Exemption Level
$33,885