🎓 How much would you save by switching student loan plans?
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Millions of borrowers face payment shock as the SAVE plan ends. You have a 90-day window to choose a new repayment plan before defaulting to a potentially costlier standard plan. Compare your options now to see how much you could save by switching.
Current Loan & IDR Plan Details
Enter your current federal student loan details. We'll use this to estimate what your default standard payment might look like.
Default Standard Plan
If you miss the 90-day deadline, you may default to a standard 10-year repayment plan. This often means a significantly higher monthly bill.
New Income-Driven Plan
Explore other Income-Driven Repayment (IDR) plans based on your income to avoid payment shock.
Standard Plan Costs
Calculations for the default standard plan.
Standard monthly payment
Total cost on standard plan
New IDR Plan Costs
Calculations for a new IDR plan.
Total cost on new IDR plan
Savings Comparison
Comparing the total costs of both options.
Monthly savings with new IDR
Total savings with new IDR
Next Steps & Deadlines
You have 90 days from receiving your notice to act. Don't wait until you're placed in a standard plan.
🔗 See Also
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For further related reading, check out:
⚖️ Results Summary & Comparison
Here is how much you could save by actively choosing a new IDR plan instead of defaulting to the standard plan.
Total Savings by Switching
Monthly Savings by Switching
Action to Take
Switch
Calculator updated by heyfinfam (v26.7.0) · View history
Privacy: None of your data is transmitted to the author of this view or any other third parties. Financial inputs are never used to identify you; they're only used to calculate results.
Disclaimer: This content and any calculations provided are for informational purposes only. The views, calculations, and methodologies expressed are those of the author and do not necessarily reflect those of this platform. Not financial advice. Users are solely responsible for any decisions made based on this information.