Employer Student Loan Assistance Savings Calculator

Estimate how employer contributions can help you pay off your student loans faster and save on interest (U.S. focus).

Your Loan & Contribution Details

Current Student Loan Principal Balance * ($)

Annual Interest Rate * (%)

Your Regular Monthly Payment * ($) The amount you pay personally, before employer's help.

Employer's Monthly Contribution ($) Enter 0 if none for baseline calculation.

Optional: Potential Tax Savings Estimation

Under current U.S. law (Section 127 of IRC), employer student loan payments up to $5,250 per year may be tax-free for the employee through December 31, 2025. Fill below to estimate this potential additional saving.

Is employer contribution via a qualified Sec. 127 plan?

Your Marginal Federal Tax Rate (%)

Your State Tax Rate (%) (If applicable)