Have other loan types? PayBackSmarter also supports Perkins, Consolidation, Institutional and Other loans. Use the drop down to add them; then click the Done button. Need to find your federal loan balance? Look it up here.
|Summary||Monthly payment||Payment difference||Pay-off year||Total cost||Cost difference|
|Consolidate your federal loans||$218||$103 less||2037||$51,711||$12,469 more|
|Graduated repayment||$225||$96 less||2032||$41,408||$2,166 more|
|Extended repayment||Extended repayment is only available for borrowers with more than $30,000 in federal loans.|
|Income-based repayment||Income-based repayment is different for everyone: Get your estimate|
|Postponed repayment||See if you're eligible: Get started|
|Make an extra payment ($20/month)||$342||$20 more||2027||$38,559||$683 less|
The U.S. Department of Education's central database for student aid, called the National Student Loan Data System (NSLDS), allows you to download your federal loan information into a text file format called MyStudentData. You will need to log in to the NSLDS Student Access website using your Federal Student Aid personal identification number (PIN). Click "Financial Aid Review" to start the process.
If you forgot your PIN, go to Federal Student Aid PIN website for assistance. After logging into NSLDS, find the MyStudentData button on either the Financial Aid Review or Loan Detail page then download and save the file to your local drive (remember the location).
When you are ready to upload your file from your local drive into PayBackSmarter, simply select "Browse for you file". Browse for and select the NSLDS MyStudentData file on your local drive. When your file is uploaded, all federal loan data will be updated in the "Customize Loan Amounts" section of PayBackSmarter.Any non-federal loans such as private, institutional, or other loans can be manually added.