Student loans / payoff plan
Student loan payoff calculator
Model a fixed-payment student-loan scenario and compare how an extra monthly amount could change the timeline. Federal repayment plans, forgiveness, capitalization, and servicer rules can make the real path different.
Results are estimates for planning. Review the assumptions and verify important decisions with the right official or qualified source.
step 1 / your inputs
Start with your numbers.
The gray example is only a guide. Replace it with your own number.
step 2 / see your estimate
Your result updates as you type.
Payment is too low
Increase payment
The estimate needs a payment above the first month’s interest.
Calculated in your browser. No data is sent.
How to use this estimate
- Check whether your loan is federal or private before changing payment strategy.
- Federal repayment plans, deferment, forbearance, forgiveness, and income-driven payments are not modeled here.
- Confirm how your servicer applies extra payments before sending more than the required amount.
Common questions
Does this include forgiveness or income-driven repayment?+
No. It assumes a fixed rate and fixed payment. Federal programs and servicer rules require a separate official estimate.
Does extra payment always save interest?+
It can under a fixed-payment model, but check for prepayment rules and ask the servicer to apply extra money as you intend.
keep exploring