Built for medical professionals

Medical School Loan Payoff Calculator

Model repayment paths for federal medical school loans with 2026 interest and PSLF-oriented assumptions.

See monthly payments, total interest, payoff horizon, and forgiveness possibilities without sharing personal data.

What this calculator helps you do

  • Estimate monthly payments across repayment speeds.
  • Project total interest and payoff timing with 2026 rates.
  • Explore PSLF-friendly settings for trainees and attendings.
  • Compare aggressive payoff vs income-driven options.

Who this is for

US medical students and residents mapping loan repayment, PSLF, or early payoff strategies.

Last updated: Jan 2026US context - 2026 assumptions
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Medical School Loan Payoff Calculator

Estimate monthly payments, total interest, payoff dates, and PSLF forgiveness using your loan balance, rate, and payoff timeline.

Loan inputs

PSLF estimate assumes 10% of salary toward loans for 10 years; actual IDR payments depend on discretionary income and family size.

Results

Calculated in real time as you update inputs.

Monthly Payment Required

$2,271

Fixed payment to clear balance in 10 years at 6.5% interest

Total Interest Paid

$72,515

Payoff Date

Mar 2036

Total Cost: 10y vs 20y

+$85,360

Difference in total paid between 20-year and 10-year payoff

Trend / chart

Explanation

Assumptions: fixed-rate loan with standard amortization; monthly payment uses the standard PMT formula. Federal taxes, insurance, and retirement contributions are not considered in payment affordability. PSLF assumes payments equal to 10% of salary for 120 payments; actual IDR calculations vary by program and household income.

Comparison shows the difference in total paid between 10-year and 20-year schedules using the same interest rate.

Educational use only. Not financial, tax, or legal advice. Validate figures with your loan servicer and financial advisor.

Non-Device Clinical Decision Support (CDS) Notice

This calculator is Non-Device Clinical Decision Support (CDS) and is intended to assist, not direct, independent physician judgment.

The clinician is responsible for verifying the underlying math and assumptions against cited PubMed references before applying outputs in care.

How to use this calculator

  1. Enter total principal, average interest rate, and repayment horizon.
  2. Adjust monthly payment or target payoff date to see new totals.
  3. Toggle PSLF-oriented assumptions to estimate remaining balance.
  4. Review total interest and payoff date to stress-test scenarios.
  5. Export or save notes externally to revisit during counseling.

Understanding your results

  • Numbers assume fixed rates; if you have variable loans, stress-test higher rates.
  • PSLF assumptions are simplified—verify qualifying payments and employer status.
  • Interest capitalization rules vary; check your servicer’s policies.
  • Do not treat outputs as advice; use them as a planning baseline.

Common questions

Does this include PSLF qualification checks?

No. It models balances and payments but does not verify qualifying employers or payment counts.

Can I model refinancing?

Yes—adjust the interest rate and term to mirror a refinance offer and compare against federal benefits.

Are taxes on forgiveness included?

Federal taxation of forgiveness can change; this tool does not model potential tax on forgiven balances.

Which year’s assumptions are used?

The defaults reflect 2026 rate expectations and standard amortization rules for federal loans.

Sources and methodology

  • US Dept of Education
  • Loan servicer disclosures
  • IRS

Changelog: Updated for 2026 assumptions and refreshed copy.

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Last updated Jan 2026Found an issue? Email usBrowse all calculatorsBack to homeInformational - Not financial advice