Academics · Subject Resources · Student loans
Type each year’s subsidized and unsubsidized loans. The calculator checks the federal limits, adds the interest that builds in school, and shows the payment, the total repaid and how it compares with a starting salary.
The worked example is a dependent student borrowing the full yearly amount for four years from fall 2026. Nothing you type leaves this browser.
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Amounts are the loan amounts on the aid offer, before the fee.
One line a school year. Subsidized loans need financial need; the aid offer shows how much.
Academics · Subject ResourcesFree
Limits, interest in school, then the payment.
A dependent undergraduate can borrow $5,500 in the first year, $6,500 in the second and $7,500 after that, $31,000 in all; independent students $9,500, $10,500 and $12,500, $57,500 in all. No more than $3,500, $4,500 and $5,500 of those can be subsidized, $23,000 in all. The 2025 reconciliation law left these undergraduate limits in place but replaced the repayment plans for loans made on or after July 1, 2026: a Standard plan whose term grows with the balance (10 years under $25,000, 15 under $50,000, 20 under $100,000, 25 above) and the income-based Repayment Assistance Plan.
The government pays the interest on subsidized loans during school and the six-month grace period. Unsubsidized interest starts at each disbursement; the page assumes half of each year’s loan arrives each term and adds that interest to the balance unless you pay it. Rates are fixed for the life of each loan and set each spring for the next award year, so a four-year plan really has four rates; 6.39% is the 2025–26 undergraduate rate.
An estimate. Your aid offer, the Master Promissory Note and your loan servicer decide the real amounts; check studentaid.gov for the current year’s rate. Your entries stay in this browser. Support: team@caveatacademic.com.