Pay off student loans
smarter, not harder.
LoanWise runs thousands of repayment simulations using federal amortization models to find the plan that saves you the most money — in seconds, not hours.
Three steps to your
optimal repayment plan
No spreadsheets. No guesswork. Just math.
Enter your loan details
Principal balance, interest rate, income, and household size — we handle the rest.
We run the numbers
Our engine simulates Standard, Extended, IDR, and PSLF plans side by side in real-time.
See the best path forward
Get a clear recommendation with projected savings, forgiveness eligibility, and visual breakdowns.
Repayment Calculator
Adjust the sliders or type values. Results update in real-time.
Real results from real people
"I had no idea I was overpaying by $200/month. LoanWise showed me the PSLF path and I'll save over $18,000 in interest."
"The calculator is genuinely useful. Plugged in my numbers and instantly understood which plan saves me the most. Wish I had this 5 years ago."
"Clear, honest, no BS. It showed that for my income, the standard plan was actually best. Saved me from making an expensive mistake."
Common questions
How does LoanWise calculate my optimal plan?
We use standard federal amortization formulas to simulate your repayment across all available plan types (Standard, Extended, IDR/SAVE, and PSLF). We then compare total cost, monthly payment, and forgiveness potential to recommend the mathematically optimal path.
Is my data stored or shared?
No. All calculations run entirely in your browser. We never transmit, store, or share your financial data. There are no servers, no accounts, and no tracking.
What is Income-Driven Repayment (IDR)?
IDR plans (including SAVE, REPAYE, IBR, and ICR) cap your monthly payment at a percentage of your discretionary income. After 20–25 years of qualifying payments, any remaining balance is forgiven — though the forgiven amount may be taxable.
Am I eligible for Public Service Loan Forgiveness?
PSLF is available to borrowers who work full-time for a qualifying government or 501(c)(3) non-profit employer. After 120 qualifying monthly payments on an IDR plan, the remaining balance is forgiven tax-free.
Is this financial advice?
No. LoanWise is an educational tool that applies mathematical models to your inputs. We are not licensed financial advisors. Always consult a qualified professional before making significant financial decisions.
Ready to optimize your repayment?
Run a free analysis in under 60 seconds. No sign-up required.
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