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.
Author: MedCalc Editorial Team
Methodology review: MedCalc Editorial Team
Last reviewed: Jan 2026
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
Jun 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 Planning Notice
This calculator is for educational physician finance and career planning. It is not medical, financial, tax, legal, or insurance advice.
Verify assumptions against your contract, institution, advisor, lender, insurer, or licensed professional before acting on the output.
Next step
Compare loan repayment and refinance paths
Use the payoff estimate to evaluate whether federal repayment, PSLF planning, or refinancing deserves a closer look.
Compare refinance optionsSponsor, affiliate, or referral relationships are disclosed when present. Outputs remain educational estimates.
How to use this calculator
- Enter total principal, average interest rate, and repayment horizon.
- Adjust monthly payment or target payoff date to see new totals.
- Toggle PSLF-oriented assumptions to estimate remaining balance.
- Review total interest and payoff date to stress-test scenarios.
- 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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