Federal vs Private Student Loans
Federal loans (Direct Subsidized, Unsubsidized, PLUS) have fixed rates set annually by Congress. 2025-2026 undergraduate rate is 6.53%. Private loans from banks or credit unions have variable or fixed rates based on credit.
Repayment Plans
Standard (10 years) — highest monthly, lowest interest. Graduated — starts low, increases. Income-Based (IBR/PAYE/SAVE) — capped at % of discretionary income, forgiven after 20-25 years. Extended — up to 25 years, lower payments but more interest.
Forgiveness Programs
Public Service Loan Forgiveness (PSLF) forgives after 120 qualifying payments for government/non-profit workers. Teacher Loan Forgiveness offers up to $17,500 after 5 years teaching in low-income schools.
FAQ
Should I refinance?
Only if you don't need federal benefits (PSLF, IDR, deferment). Private refinancing can lower rates but you lose access to income-driven repayment and forgiveness.
Try Also
Why Use This Student Loan Calculator?
The Student Loan Calculator runs entirely in your browser, which means three things matter for you. First, it's instant — there's no server round-trip, no upload, no waiting on someone else's queue. Second, it's private — nothing you enter ever leaves your device, which makes it safe for sensitive numbers, draft copy, or files you don't want sitting on a third party's servers. Third, it's free forever — no signup, no email capture, no "basic vs. pro" upsell. Open the page, get the answer, close the tab.
Common Use Cases
- Everyday lookups when you need a fast, reliable answer without installing an app
- Cross-checking results from another tool or spreadsheet when accuracy matters
- Quick reference during work calls, school assignments, or planning sessions
- Sharing the link with a colleague or friend who needs the same answer
- Bookmarking for repeat tasks that come up regularly throughout the week
Privacy & How Your Data Is Handled
Every calculation and every transformation in the Student Loan Calculator runs locally in your browser using standard JavaScript. We don't upload your input to any server, we don't log it, and we don't pass it to a third-party API. The tool works the same whether you're on a fast home connection or completely offline once the page has loaded. If you want to verify this for yourself, open your browser's network tab and run the tool — you won't see any outbound request carrying your data.
Frequently Asked Questions
Is the Student Loan Calculator really free?
Yes. Every tool on ClickSolveTools is free with no signup, no email capture, no paywalled "pro" features, and no usage limits. We don't sell your data and we don't run ads inside the tool itself.
Does the Student Loan Calculator work on my phone?
Yes. The Student Loan Calculator is mobile-first and works in any modern browser on iOS, Android, Windows, Mac, Linux, and ChromeOS. Inputs are touch-friendly, the layout is fully responsive, and nothing requires a desktop-only feature to function.
Do I need to sign up or install anything?
No. There's no account, no extension, no app to download. Open the page in any browser, use the tool, and close the tab when you're done. Your usage isn't tied to a profile.
Is my data safe?
Everything runs locally in your browser. We don't transmit your inputs, calculations, or files to any server. You can use the tool with full confidence even for sensitive information.