Student Loan Payoff Calculator
Student loans are never ideal, but sometimes they’re unavoidable. And the trick to paying them off quickly is to add just a bit to your monthly student loan payment. This reduces the time it takes to pay off the loan and lessens the amount you pay in interest.
The Student Loan Payoff Calculator helps by showing how much time and money you’ll save if you add various amounts to your monthly payment.
How It Works
- Enter your current student loan balance in the text box under “Loan Balance.”
- Enter how long your loan term will last in the text box to the right of “Loan Term” or adjust the slider below it.
- Add your loan’s interest rate into the text box or adjust the slider.
- Finally, enter the amount you hope to add to your monthly payment (Added Monthly Amt) in the last slider or text box.
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