MyLoans.ai
Click to visit website
About
MyLoans.ai offers free, AI-driven guidance for student loan borrowers, simplifying complex regulations and enabling informed financial decisions. It provides instant, personalized answers to queries, leveraging official government sources. The platform helps compare repayment plans like SAVE and Standard, and will expand further. Users can calculate options based on income, loan details, and family size, with no personally identifiable information collected. Born from the founders' experience with significant student loan debt, MyLoans.ai addresses the need for a trusted, simplified solution. Its vision includes expanding services to undergraduate borrowers and other financial scenarios, using technology to advocate for borrowers on a large scale.
Platform
Task
Features
• personalized advice
• instant answers
• simplifies complex student loan regulations
• empowers informed financial decisions
• no personally identifiable information collected
• calculate repayment options
• backed by official government sources
• free ai guidance
FAQs
What is the SAVE plan?
The SAVE plan is the flagship income-based repayment plan by the U.S. Department of Education, announced Aug 2023, phasing in through July 2024. Borrowers can sign up now. See Dept. of Education site.
What is the Standard plan?
The standard plan is the default, fixed-monthly payment plan designed to pay off loans in 10 years. Borrowers are automatically enrolled. More details are on The Department of Education website.
Why does this site only compare those two plans?
We chose the two most relevant plans (SAVE and Standard) following the 80/20 rule. We plan to incorporate more plans over time, ensuring clarity rather than confusion in the solution.
Who is eligible for the SAVE plan?
Most student loan borrowers are eligible, with no income limits. The Department of Education's resource outlines specific loan eligibility under the "Which Loans are Eligible" heading.
What is the 'Tax Bomb'?
Forgiven student loan debt is taxable income (e.g., $100K forgiven could mean $37K to IRS). Pandemic-era regulation paused this, but it reactivates in 2026. PSLF is exempt.
How do I find & calculate my average interest rate?
Find individual loan interest rates on your servicer website, then calculate the weighted average. A calculator is available online. You can also estimate rates between 4-8%.
What should I put for my family size?
If filing taxes jointly with your spouse, include their income and both of you plus dependents. Otherwise, only use your income and include yourself and your dependents.
Pricing Plans
Free
Free Plan• Personalized AI student loan guidance
• Instant answers
• Comparison of SAVE and Standard plans
• Access to official data sources
• Calculation of repayment options
Job Opportunities
There are currently no job postings for this AI tool.
Ratings & Reviews
No ratings available yet. Be the first to rate this tool!
Featured Tools
adly.news
adly.news is a free platform that simplifies newsletter advertising, connecting businesses with engaged audiences through ad slots, offering bidding, negotiation, and messaging.
View Details
AI Dubbing
AI Dubbing is a free AI video dubbing tool that uses advanced AI technology to provide natural, smooth, high-quality dubbing services, supporting 20+ languages and 100+ tones.
View Details
ImgGen
ImgGen is the free AI editor that edits photos and turns images into videos in seconds, offering instant creativity all in one place.
View DetailsNano Banana
Nano Banana is a state-of-the-art AI model that revolutionizes text-based image editing and generation with unmatched multi-image fusion and natural language understanding.
View Details
Macaron
Macaron is the world’s first personal AI agent designed to help you live better by focusing on happiness, health, and freedom, unlike typical productivity tools.
View Details
VISBOOM
Visboom is the all-in-one AI fashion content creation platform, enabling brands and e-commerce sellers to generate on-model photoshoots and visual assets quickly.
View Details
Banana AI
Banana AI is an advanced AI photo editor powered by Google’s Nano Banana technology (Gemini 2.5 Flash Image), enabling effortless image editing, restyling, and transformation with simple text prompts.
View Details
twainGPT
twainGPT is a humanizer that transforms any AI-generated text into undetectable, human-like content, trusted by over 2.3 million users.
View Details
AI Image Editor
AI Image Editor is a free online tool to edit, transform, and enhance photos with a text prompt, achieving fast, consistent, high-quality results.
View DetailsSora2 AI Video Generator
Sora2 AI Video Generator is an advanced tool powered by OpenAI's Sora2 technology, creating cinema-quality 1080p videos from text and images with realistic physics and perfect character consistency.
View Details