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Personal Finance/Student Loan Payoff Calculator

Student Loan Payoff Calculator

See how extra payments accelerate your student loan payoff and save on interest.

PAYOFF5 repayment plansSAVE planRefinance comparePayoff timeline
$
$
$0$500$1,000
💡 Repayment Plans: Standard (10yr) · Graduated · SAVE (income-driven) · PSLF (120 payments for non-profit/gov workers)
Standard Payoff
124 months
November 2036
Accelerated Payoff
80 months
March 2033
Pay off 44 months earlier
Save $6,405
Standard Total Interest$16,871
Accelerated Total Interest$10,466
Standard Total Paid$61,871
Accelerated Total Paid$55,466
Balance Over Time
$0$22K$43KMonthsAcceleratedStandard
Data Source & Legal Disclaimer
Effective: 2025-01-01Last updated: 1 years agoUpdate: Annual
Sources: StudentAid.gov — Repayment Plans

Calculations are estimates. Federal student loan rules change frequently. Income-driven repayment plans may offer lower payments and loan forgiveness. This is not financial advice.

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