Student Loan Payoff Calculator
Estimate payoff date and total interest. Test extra payments, loan servicer options, and refinance student loans scenarios.
Your Student Loan
Enter balance, APR, and monthly payment. Optionally add an extra monthly payment.
Assumes monthly compounding and regular monthly payments.
Graph
Here's a visual breakdown of your payoff timeline
Results
Your payoff summary updates after calculation.
You Know Your Timeline. Now Make Sure You're Not Slowing It Down.
Student loans have unique payoff traps that most people don't see until they've already lost months of progress. This free guide covers the ones that hit hardest.
- The deferment mistake that feels responsible but costs you later
- Why knowing your payoff date isn't enough on its own
- Instant PDF download — no credit card required
Many recent graduates carry both student loans and credit card balances from college. If that’s you, revisit the Credit Card Payoff Calculator.
Month-by-month payoff schedule
| Month | Starting balance | Interest | Payment | Ending balance |
|---|
Your Student Loan Payoff Results — Timeline and Total Interest
Your payoff timeline is driven by your balance, interest rate, and how consistently you pay each month.
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🎓 Student loans reward consistency
Based on your inputs, your plan works best when payments stay steady. Even small changes to your monthly payment can shift the payoff date over time. -
💸 Extra payments usually reduce interest over time
Your results show how paying above the minimum can reduce the balance sooner, which lowers how much interest accrues moving forward. -
📅 Don’t ignore repayment details
Micro-example: Different repayment plans, servicer rules, or interest capitalization can change the real outcome. Use the calculator as a planning baseline — your totals are shown above.
If you want a clear next step based on these results…
Student Loans Have Different Rules. Here's How to Navigate Them.
Your calculator showed your payoff timeline. This guide helps you choose the right repayment path — and avoid the mistakes that quietly cost borrowers thousands.
The Student Loan Planner Mini Guide ($7) gives you:
- ✓ Map all your loans in 10 minutes (federal vs. private — they're treated very differently)
- ✓ Plain-English breakdown of Standard, IDR, aggressive payoff, and forgiveness paths
- ✓ The 4 common mistakes: chasing low payments, ignoring forgiveness math, not re-planning, paying without a safety net
- ✓ When extra payments help — and when they actually hurt your forgiveness math
- ✓ Your 90-day action checklist to build a plan you can trust
For educational planning only — not financial advice.
How Student Loan Repayment Works (Plans, Interest, and Tradeoffs)
Interest, Principal, and Why the Balance Can Feel “Stuck”
Student loan interest accrues based on the outstanding principal and rate. Early in repayment, a meaningful portion of each payment may go toward interest, especially with higher balances or rates. This is normal and is why consistency matters.
Repayment Plans Can Change the Real Outcome
Federal and private loans can follow different rules for interest, capitalization, and payment allocation. Some repayment plans lower the required payment but extend the timeline. Always confirm your plan terms and how extra payments are applied.
What to Track Month to Month
Track your payment amount, principal reduction, and any changes in rate or servicer policy. A simple monthly check-in can keep you consistent and prevent surprises that slow progress.
Ready to act on what you just learned? The step-by-step mini guide gives you a 10-minute action plan based on your results.
Get it for $7 →FAQ
How does the student loan payoff calculator work?
Can I use this calculator for both federal and private student loans?
Why do student loans take so long to pay off?
Does making extra payments help with student loans?
Will refinancing student loans change my payoff timeline?
Does this calculator include loan forgiveness programs?
Can extra payments affect student loan forgiveness eligibility?
How often should I re-run the student loan calculator?
Still here? That means you're serious about getting out of debt.
Most people use the calculator and leave. You stayed. This free 7-page guide is for people like you — it covers the 5 mistakes that quietly kill payoff progress before it even starts.
- The mistake that keeps balances high even with consistent payments
- Why most people pick the wrong starting point
- What to fix before you change anything else
- Instant PDF — no credit card, no account required