Student Loan Payoff
Enter balance, APR, and how much extra you can pay each month. See months saved and interest crushed.
33 mo
saved
$3,414 interest crushed
Comparison
Standard $/mo
$363
Accelerated $/mo
$463
Standard payoff
10.0 yr
Accelerated payoff
7.3 yr
Standard interest
$11,602
Accelerated interest
$8,189
Freedom Coach™
Extra $100/mo → paid off in 7.3 yrs instead of 10.0.
Interest saved: $3,414. Months saved: 33.
Premium
Save multi-loan strategies, model refinance vs. IDR, and track your progress monthly.
Unlock PremiumRule of thumb: if your APR ≥ 6%, extra payoff usually beats risk-adjusted market returns. Below 5%, invest first.
Income-Driven Repayment caps monthly payments at 5–10% of discretionary income. Great for low-earners; can lead to forgiveness after 20–25 years.
Public Service Loan Forgiveness forgives federal loans after 120 qualifying payments in eligible public/nonprofit work. Zero payoff strategy beats aggressive extra payments here.
Almost never. You lose IDR, PSLF, forbearance, and forgiveness options. Only refinance if you're 100% sure you won't need any of these.
On a $30k loan at 6.5%, an extra $50/mo saves ~$2,400 in interest and pays off 15 months earlier. It compounds.
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