Student Loan Payoff Calculator

See how increasing your payments could affect your time to pay off and total interest costs. Enter your loan amount, APR, and your current monthly payment. Then adjust the extra payment slider.

Loan amount ($)(required)

APR (%)(required)

Current payment ($)(required)

Proposed extra payment

Max extra

Sets the slider limit. If you’re not sure, start with 500 and adjust.

$50

This extra amount is added to your current payment each month. Results are estimates and assume a fixed APR and steady payments.

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Months to pay off at current payment

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Months to pay off at new payment

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New monthly payment

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Time saved

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Interest saved

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Loan Balance Over Time

Lines compare your estimated remaining balance over time with your current payment versus your new payment (current + extra).

Compare Options That Could Reduce Your Costs

If you’re trying to pay off faster, consider tools and options that may help you lower rates, improve cash flow, or stay consistent.

Student Loan Refi Companies Debt Consolidation Companies Debt Snowball Debt Consolidation Calc Personal Loan Providers Budget Calculator

Disclaimer: Estimates are for educational purposes only. Actual results can differ due to fees, capitalization, payment allocation rules, variable rates, deferment/forbearance, and forgiveness programs.