Student Loan Calculator — Missouri
Calculate your student loan payments in Missouri. Compare repayment plans and total interest.
Updated April 2026Loan Details
$
% / year
Repayment Summary
Monthly Payment$379.84
Standard (10 years)
Loan Summary
Total Paid
$45,580.80
Total Interest
$10,580.80
Loan Amount
$35,000.00
Payoff DateApril 2036
Yearly Amortization
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $2,700.48 | $1,857.60 | $32,299.52 |
| 2 | $2,852.81 | $1,705.27 | $29,446.71 |
| 3 | $3,013.73 | $1,544.35 | $26,432.98 |
| 4 | $3,183.73 | $1,374.35 | $23,249.25 |
| 5 | $3,363.31 | $1,194.77 | $19,885.94 |
| 6 | $3,553.03 | $1,005.05 | $16,332.91 |
| 7 | $3,753.45 | $804.63 | $12,579.46 |
| 8 | $3,965.18 | $592.90 | $8,614.28 |
| 9 | $4,188.84 | $369.24 | $4,425.44 |
| 10 | $4,425.13 | $132.95 | $0.31 |
Missouri
State
Progressive
Income Tax
Understanding Student Loan Repayment
Based on a $35,000.00 loan at 5.50% interest.
| Plan | Term | Monthly Payment | Total Interest | Best For |
|---|---|---|---|---|
| Standard | 10 years | $379.84 | $10,581.04 | Fastest payoff, least total interest |
| Extended | 25 years | $214.93 | $29,479.19 | Lower monthly payments, higher balance loans |
| Graduated | 10 years | $227.91 – $398.62 | Varies | Expect income to grow over time |
Ways to Pay Off Student Loans Faster
- • Make extra payments toward principal. Even an extra $50/month can save thousands in interest and shorten your payoff timeline by years.
- • Set up autopay for a rate discount. Most federal and private servicers offer a 0.25% interest rate reduction when you enroll in automatic payments.
- • Refinance if rates are lower. If your credit score has improved or market rates have dropped, refinancing can reduce your interest rate and total cost.
- • Apply windfalls to your balance. Tax refunds, bonuses, and side income can make a big dent when applied directly to principal.
Student Loan FAQ
What is the standard repayment plan?
The standard repayment plan divides your loan into fixed monthly payments over a 10-year term. It results in the lowest total interest paid among federal repayment options. For a $35,000 loan at 5.5%, you would pay about $379.84 per month and roughly $10,581 in total interest.
How does the graduated repayment plan work?
Under a graduated plan, payments start lower and increase every two years over a 10-year term. Starting payments are typically around 60% of what the standard plan charges, then rise by about 15% every two years. This option suits borrowers who expect their income to increase over time.
Should I choose extended or standard repayment?
Extended repayment stretches payments over 25 years, cutting your monthly bill significantly but roughly tripling total interest. For example, a $35,000 loan at 5.5% costs about $214.93/month on extended versus $379.84 on standard — but you pay $29,479 in interest instead of $10,581. Choose extended only if cash flow is a serious concern.
How much interest will I pay on my student loan?
Total interest depends on your loan amount, interest rate, and repayment term. On a $35,000 loan at 5.5%, the standard 10-year plan costs about $10,581 in interest. Extending to 25 years increases that to roughly $29,479. Use the calculator above to model your specific scenario.
Can I switch repayment plans?
Yes. Federal student loan borrowers can switch repayment plans at any time by contacting their loan servicer. Keep in mind that switching to a longer term may lower your monthly payment but will increase the total interest paid over the life of the loan.
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Disclaimer: For informational purposes only. Not tax, legal, or financial advice.