Optimize your student loan payoff.
Model your federal or private student loans, test rollover plans, and see the impact of adding extra monthly cash.
Configure Parameters
Live Payoff Analysis
Time to Debt-Free
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Total Interest Paid
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Interest Saved w/ Extra
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Visual Projections
Amount
Interest
Values update automatically as inputs slide. Zero server logs.
Common Questions & Guidance
Frequently asked questions regarding Student Loan Calculator.
How do student loan interest rates compound?
Federal student loans use daily simple interest, compounding daily on your principal balance, rather than compounding monthly or annually like credit cards.
Is it better to pay student loans off early?
Paying off loans early saves on interest, but if you have low fixed interest rates (under 4%), it may be mathematically better to invest extra funds in the market.