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Student Loan Calculator

Estimate your monthly payments, total interest, and see how extra payments can save you money over time.

Loan Details
Payment Breakdown

Monthly Payment

$2,838.70

Total Interest Paid

$90,643.93

Total Amount Paid

$340,643.93

Payoff Date

May 2036

This calculator provides estimates for educational purposes. Consult a financial advisor for personalized guidance.

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OD student loans — FAQ

What's the average optometry school debt in 2026?

Optometry school graduates routinely carry $200,000-$300,000 in combined undergraduate and OD program debt at graduation, with private programs and out-of-state public tuition pushing the upper end past $400,000. The exact balance depends on whether the borrower used federal Direct PLUS loans (typical), private loans, or a combination, and whether interest accrued during deferment.

How do PAYE and SAVE compare for OD borrowers?

PAYE caps the monthly payment at 10% of discretionary income with a 20-year forgiveness window. SAVE (the successor to REPAYE) uses a similar 10% formula on undergraduate balances and 5% on undergraduate-only graduate balances, with interest-subsidy provisions that PAYE doesn't offer. Most ODs with mixed undergrad + grad debt come out ahead on SAVE in the early years but the comparison shifts as income rises.

When does PSLF apply to optometrists?

Public Service Loan Forgiveness requires 120 qualifying monthly payments while employed by a 501(c)(3) nonprofit or government entity. Optometrists working at VA medical centers, Indian Health Service clinics, qualifying nonprofit health systems, or academic OD programs are typically eligible. Corporate-affiliated and private-practice ODs are generally not eligible because the employer doesn't qualify.

Should I refinance federal loans into a private loan?

Refinancing federal loans into a private loan trades a typically lower interest rate for the loss of every federal protection — IDR plans, PSLF eligibility, COVID-era pauses, and death/disability discharge. For ODs aiming for PSLF the answer is almost always no. For high-earning ODs in private practice with no nonprofit pathway, refinancing can shave years off the payoff if the rate gap is wide enough.