Student Loan Payoff Calculator
Enter your balance, interest rate and monthly payment. Then add an extra amount to see how much sooner you'd be debt-free and how much interest you'd keep. Everything runs in your browser; nothing is sent anywhere.
Quick tips
- Ask your servicer to apply extra payments to principal.
- Federal loans have repayment plans and protections; check studentaid.gov before refinancing.
- Even small extra payments early on cut the most interest.
Go deeper
This tool goes with Money: Master of Your Domain after College: Your Ultimate Guide to Financial Freedom in Your 20s by Oliver Mark.
Money: Master of Your Domain after College: Your Ultimate Guide to Financial Freedom in Your 20sabout 1 hr 30 min
Young adult personal finance · about 95 pages · by Oliver Mark
First job, first apartment, first real money decisions. Start strong.
📚 Read free with Kindle Unlimited (Kindle edition)
More free tools: all calculators · 30-day kids' savings challenge · free lesson plans
For general education only, not personalized financial, tax, legal or investment advice. Numbers are estimates based on what you enter. The Money series is written by Oliver Mark, a former licensed stockbroker (Series 7 and 63).