Student Loan Payoff Calculator
Calculate your payoff date and total interest for any student loan, and see how extra payments accelerate freedom.
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Coach Insight
The average student loan borrower takes 20 years to repay. Paying even $100/month extra on a $30,000 loan at 6.5% saves $8,000 in interest and cuts 7 years off the timeline.
Frequently Asked Questions
Everything you need to know.
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Why This Matters
The average student loan borrower takes 20 years to repay. Paying even $100/month extra on a $30,000 loan at 6.5% saves $8,000 in interest and cuts 7 years off the timeline.
How to Use It
- 1Enter your total student loan balance
- 2Enter your interest rate (federal or private)
- 3Enter your current monthly payment
- 4Add extra payment to see the accelerated payoff impact
Find the best account for this goal
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Compare rates, run Money Map, or explore the full SwitchWize toolkit.