Calculate Your Federal Student Loan Repayment Options with Loan Simulator

Loan Simulator helps you estimate monthly student loan payments and choose a loan repayment option that best meets your needs and goals. You can also use it to decide whether to consolidate your student loans.

The repayment plans displayed in Loan Simulator represent the options available to borrowers today. We will update Loan Simulator at a later date to reflect recent legislative changes. Stay up-to-date on impacts from the One Big Beautiful Bill Act: StudentAid.gov/bigupdates.

I Want to Find the Best Student Loan Repayment Strategy

  • See how you can lower your student loan payment.
  • See how you can pay off your student loans faster.
  • Decide whether to consolidate your student loans.

I'm Struggling With My Student Loan Payments

  • Consider a new repayment plan instead of suspending payments.
  • Understand the impacts of suspending payments.
  • Learn how to avoid loan default.

I Want to Simulate Borrowing More

  • Explore impacts when you borrow more student loans.
  • Find out about federal student loan limits.
  • See how your choice of school affects how much you may need to borrow.

How Accurate Is Loan Simulator?

To get the most realistic results, provide complete and accurate information when using Loan Simulator. Keep in mind, this tool can’t predict your future payments with 100% accuracy. In order to make these predictions, Loan Simulator makes several assumptions as it calculates monthly repayment amounts.

Important:

Results of Loan Simulator are for informational purposes only and should not be considered financial advice. You are encouraged to review all available options and make decisions about borrowing and repayment that align with your individual goals.

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