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Student Loan Payoff Calculator

See when your loan could be gone—and what even a little extra each month can save.

Your loan

Use your current balance and the payment you plan to make each month.

$
%
Enter the annual rate shown on your loan.
$
$
This amount is added to your regular payment.

Your payoff comparison will appear here.

Enter your numbers, then calculate.

Your payoff path

REGULAR PAYMENT

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Total interest—

WITH EXTRA PAYMENT

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Total interest—
Time saved—
Interest saved—
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Explain these results

For informational purposes only. This estimate assumes a fixed interest rate, monthly compounding, and no fees, deferment, forbearance, or changes to your payment schedule. Check your loan servicer’s figures before making decisions.

Last reviewed: October 2026.