Finance tool
All tools
Student Loan Standard Repayment Calculator
Calculate fixed monthly payments and lifetime interest under the standard 10-year federal student loan repayment plan.
About the Standard Repayment Plan
The Standard Repayment Plan is the default option for federal student loans, providing fixed monthly payments across a 10-year (120-month) term.
Formula
M = P × [ r(1+r)n ] / [ (1+r)n - 1 ]
- P: Principal balance
- r: Monthly rate (Rate / 12 / 100)
- n: Number of monthly payments
Worked Example
A $35,000 balance at 5.5% over 10 years results in approximately $379.80 monthly, with total interest of roughly $10,576.
Frequently Asked Questions
What loans qualify for Standard Repayment?
Direct Subsidized, Unsubsidized, Direct PLUS, and Federal Consolidation loans qualify.
Are payments fixed?
Yes, monthly payments remain constant for the entire 120-month duration.
Can I pay off early without penalty?
Yes, federal student loans carry zero prepayment penalties.
Is standard repayment eligible for PSLF?
Yes, standard 10-year payments count as qualifying payments toward PSLF.
How to use
Calculate in three steps
- 1Enter your valuesUse the fields above and check the units shown beside each input.
- 2Run the calculationSelect Calculate to refresh the result with your latest values.
- 3Review or shareCompare the result, reset the form, print it, or share this page.
Inputs
What you need
Student Loan Balance$
Interest Rate%
Repayment Term (Years)yrs