What Will Your Student Loan Really Cost You?
You borrowed $30,000. You'll pay back $47,000. See every dollar of interest, every month of payments, and what extra $50/mo does.
You borrowed $30,000. You'll pay back $40,143.87. Here's why.
$9,318.87 in interest — 31.1% of what you originally borrowed
Quick Presets
Loan Details
Where Your Money Goes
Extra Payment Comparison(showing +$50/mo for reference)
| Scenario | Monthly | Total Paid | Months | Interest Saved |
|---|---|---|---|---|
| Base plan | $334.53 | $40,144 | 120 | — |
| +$50/mo | $384.53 | $38,508 | 101 | $1,636 |
Adding $50/mo saves you $1,636 in interest and pays off 19 months earlier.
Heads up: Public Service Loan Forgiveness (PSLF) forgives remaining balances after 120 qualifying payments. Income-driven repayment plans forgive remaining balances after 20–25 years. Visit studentaid.gov for details.
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