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Student Loan Calculator
Monthly payment and lifetime cost of your student loan.
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Frequently asked questions
What is the difference between subsidised and unsubsidised loans?
Subsidised loans do not accrue interest while you are in school or in grace. Unsubsidised loans accrue interest from disbursement, which is added to the principal ("capitalized") when repayment begins.
What is the standard repayment period?
US federal loans default to a 10-year standard plan. Graduated, extended, or income-driven plans can stretch to 20–25 years.
Can I pay extra to reduce interest?
Yes. Extra payments reduce principal directly (if you specify that), cutting both interest and payoff time. Most servicers let you specify allocation online.
Is student loan interest tax deductible?
In the US, up to $2,500 of student loan interest is deductible per year subject to income limits. In India, Section 80E allows full deduction of interest on higher-education loans for up to 8 years.