You can use this student loan comparison calculator to compare student loan terms to determine which student loan term length is best for you.

You can find the best student loan refinancing rates on Mentor. Our trusted partners offer personalized student loan refinancing rates. You can check your new student loan refinance rate in 2 minutes for free.

With student loan refinancing, you can choose a loan term typically from 5-20 years. This provides more flexibility for you to payoff student loans compared with the standard 10-year loan term of a federal student loan.

The right student loan term length is different for everyone because it is based on your specific financial situation.

A shorter student loan term length means you would pay more each month for your student loans. However, you would repay student loan debt faster because you would save interest costs.

A longer student loan term length means you would pay less each month for your student loans. However, you would repay student loan debt slower because you would pay more in interest costs.

You can compare student loans term lengths with this student loan comparison calculator. By inputting your student loan balance and different interest rates for each student loan term length, you can determine how much you would pay each month for your student loans.

A standard repayment plan for a federal student loan is 10 years. When you refinance student loans, most lenders provide an option to change your student loan term length to a different loan term typically ranging from 5-20 years.

You can choose a shorter or longer term to repay student loans. This student loan comparison calculator can help you determine which student loan term length is best for your financial situation.

Unlike other consumer debt such as some mortgages, there is no prepayment penalty. This means you can pay off your student loans with no early repayment fees. This student loan prepayment calculator can show you how much money you can save.

So, you have some flexibility when it comes to student loan repayment. However, remember that the longer you take to repay your student loans, the more interest you will pay.

The standard repayment plan to repay federal student loans is 10 years. However, the average time to pay off your undergraduate student loans is approximately 20 years.

No, your student loans are not automatically forgiven after 25 years. First, only federal student loans are eligible for student loan forgiveness. If you have private student loans, you have to check with your lender on repayment terms. Second, you have to enroll in a federal student loan repayment program. If you work in public service, there is Public Service Loan Forgiveness after 120 qualifying payments, which can happen in 10 years. Other income-based federal student loan repayment plans forgive student loans after 20 years for undergraduate student loans and 25 years for graduate student loans.

In terms of student loan comparison and which student loan term length to choose, it depends on your goals and financial situation. If you want to repay student loans as fast as possible, then you can choose a 5-year term. You will have a higher monthly payment, but you will save significant interest costs. If you want a lower monthly payment, a 20-year loan term, for example, would give you lower monthly payments, but more interest costs overall.

When you compare student loans using this student loan comparison calculator, you can see what your monthly student loan payment will be.