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How this calculator works
The standard payment comes from the amortization formula. The faster schedule adds your extra amount each month until the balance is gone.
Frequently asked questions
Do income-driven plans change this?
Yes. Income-based plans set payments by income and can include forgiveness rules that vary by country and program. This calculator models a standard fixed plan.
Results are estimates based on the numbers you enter and simplified assumptions. They are not financial advice. See our disclaimer.