This tool helps you estimate how much you may need to borrow to complete a college degree and calculates the long‑term costs of repaying that debt under new federal student loan rules. It is especially useful for Parent PLUS borrowers taking out loans on or after July 1, 2026, who will have a single repayment option available—the New Standard Fixed Repayment Plan.
Use our College Cost Comparison Tool to help you determine the Year One Loan Balance.
Disclaimers:
- Above are estimates only.
- This model assumes no change in interest rates going forward. Changes to actual interest rates in future years will impact monthly payments and total amounts paid.
- The New Standard Fixed Repayment Plan will be available starting July 1, 2026. Payments are based on loan balance, interest rate and payment period. Payment period is based on loan balance as follows:
| Loan Balance | Payment Period (Years) |
| Up to $24,999 | 10 |
| $25,000-$49,999 | 15 |
| $50,000-$99,999 | 20 |
| $100,000+ | 25 |
- Student borrowers and Parent Plus borrowers who don’t take out new loans or consolidate existing loans on or after July 1, 2026, will have access to IDR plans or existing versions of the Standard Plan. Use the EDCAP Repayment Plan calculator or the FSA Loan Simulator (Standard, Extended and Graduated) to see other options.
- Borrowers with Private loans can visit our Student Loan Payoff Calculator for more accurate information.
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