The REPAYE Student loan calculator was specifically designed to help borrowers estimate the amount of their monthly loan payments and the annual salary required to manage student loans without too much financial adversity. The REPAYE calculators can be used with most loans both private and federal. Most of the online student loan calculators can be used to calculate auto loans or home mortgages as well. They are also referred to as repayment estimators.

Each lender has an available REPAYE calculator. They are very easy to use. Some people will put different estimated computations in to get a round idea of their loan payments, while others are more exact, sitting down with the actual numbers. Either way, it is a great visual tool to use for financial management.

Most of the available loan calculators assume the interest rate remains constant throughout the entirety of the loan. It also assumes that the loan will be repaid in equal monthly installments through standard loan amortization. For those borrowers who have alternate repayment plans like graduated repayment or income contingent repayment, the results are not going to be accurate.

Use the Repayment Estimator when you're: beginning repayment of your federal student loans for the first time, or for exploring repayment options based on your income. The examples of REPAYE calculators below are basically what most REPAYE calculators you find online, which are simple tools to use.


(Questions concerning enrollment status, degree program and total years in college are typically optional and included to evaluate whether the total debt is excessive. The total years in college should include the total number of years in college or projected year’s corresponding to the loan balance, including previous degrees received.

Loan Balance:


Interest Rate:

choose rate

Loan Fees:


Loan Term (Years):

choose extended term

Minimum Payment:


Enrollment Status:


Degree Program:


Total Years in College:


Print payment schedule?

Yes No





Directions: Enter your information. Don't use commas or symbols.

Amount of the Loan: $

Interest Rate: %

Repayment Period: Months

Is the Loan Subsidized: Yes

Monthly Payment Amount: $

The Federal Stafford Loan has a fixed interest rate of 6.8% and the Federal PLUS loan has a fixed rate of 7.9%. Perkins loans have a fixed interest rate of 5%.

Any loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted.

Some educational loans have a minimum monthly payment. Specific lenders will include this in their own version of the student loan calculator. If they don’t, then the appropriate figure for Stafford Loans is $50, for Perkins Loans is $40, and for PLUS loans is $50. This would be entered in the minimum payment field. Also take the time to play with the figures, like enter a higher figure to see how much money you can save by paying off your debt faster. This tool is good in that it will also show you how long it will take to pay off the loan at the higher monthly payment

Helpful REPAYE Calculator Tips

  • Figure out how much you'll have to earn to cover these payments and everything else in your budget.
  • Use this tool to see how different interest rates and repayment schedules can affect your monthly payment.
  • This calculator is based on 4 years of schooling and provides only estimates based on the information you enter.
  • Results don't take into account in-school periods, grace periods, capitalized interest, or any deferment or forbearance time. Monthly loan payment amounts are subject to your lender's minimum monthly payment requirements.
  • A quality move here while using these calculators is to get thoroughly organized with all your loans and budgeting. Everything from assigning folders, making copies, recording results, and maintaining a visionary budget list is going to keep you on top of your student loan game. Keep it all together for easy access.

Other Calculators Available Online

These are more tailored calculators for finding out detailed information regarding your student loan payments. Each one will be beneficiary in outlining your student loan repayment plan.

  • Budget Calculator
  • Debt Repayment Calculator
  • Grace Period Calculator
  • Interest Savings Calculator

If you have lost or don't know your loan details, such as your interest rate, there is a resource to get that information quickly. Check to see a complete snapshot of your federal student aid. You will need your PIN to access this information. At any time, you can also reach a representative to assist you with your loan information. If it private loans, then go directly to that lender.