You CAN manage your student loan debt. We can help.
The average graduate has $18,625 in student loan debt that will cost $25,720 between now and 2022. Click through the repayment options to see how they would affect your monthly payment and total loan cost. For more personalized results, you can enter your loan amounts by selecting the 'Customize loan amounts' option.
- Monthly
payment - Payment
Difference - Payoff
year - Total
cost
- Standard
Repayment - $214
- 2022
- $25,720
- Extra Payment $50/month
- $264
- 2020
- $23,839
- Graduated
Repayment - $148
- 2022
- $27,214
- Consolidate your Federal Loans
- $166
- 2027
- $29,899
- Extended
Repayment
- Income-Based Repayment
- Federal loans
- Private loans
- Perkins loan
- Monthly payment
- Payment
Difference - Payoff year
- Total cost
- Standard Repayment
- $214
- 2022
- $25,720
- Extra Payment $50/month
- $264
- $50 more
- 2020
- $23,839
- Consolidate your Federal Loans
- $166
- $48 less
- 2027
- $29,899
- Graduated Repayment
- $148
- $66 less
- 2022
- $27,214
- Extended Repayment
- Income-Based Repayment
Standard Repayment
This is the default repayment plan for Federal Stafford, Grad PLUS, and Parent PLUS loans. With this plan you'll pay a fixed amount
each month for 10 years, with minimum monthly payments of at least $50. The federal government offers a borrower benefit of 0.25% interest
rate reduction for payments made through automatic debit to encourage borrowers to repay these loans in a responsible way. Because this plan
has the shortest repayment period, it's the quickest way to pay back your debt. Read More
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Welcome to PayBackSmarter!
Did you know that the average 4-year undergraduate has $18,625 in student loan debt that will end up costing $25,720 between now and 2022? It's true, but you can manage your debt and we'll try and help. Just answer these three questions so that we can provide the most accurate information possible for your school:
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