AccessLex Institute has updated its free Student Loan Calculator for first-time borrowers, students continuing a program or managing repayment to reflect the upcoming changes to the student loan and repayment landscape under the One Big Beautiful Bill Act.
“Access to clear, accurate information is essential as borrowers navigate an evolving student loan environment,” said Jennifer Schott, vice president of the center for education and financial capability at AccessLex Institute. “These enhancements give law students a comprehensive view of their borrowing and repayment options so they can plan with confidence.”
The tool adds new features, including:
- Updated loan limits and borrowing projections: Borrowing calculations now reflect new Federal Direct Unsubsidized Loan limits and incorporate private loans when applicable, helping law students better understand total borrowing and long‑term repayment obligations.
- Two new repayment options: The Calculator now includes the Tiered Standard Repayment Plan and the Repayment Assistance Plan (RAP), with a reorganized results page that makes it easier to compare repayment pathways.
- New private loan calculator: An integrated Private Loan Calculator allows borrowers to view private loan repayment estimates alongside federal projections, providing greater clarity around total repayment and long‑term financial planning.
These updates ensure the tool remains aligned with the current student loan environment and continues to provide borrowers with a clear, comprehensive view of their borrowing and repayment options.
The free Student Loan Calculator is available at AccessLex.org.
