About Research Education Ambassadors

Student Loan Payoff Simulator

See the power of extra payments. Calculate how much time and interest you can save.

Loan Details

$
%
$
$
You could be debt-free
2 Years Sooner
Saving $4,200 in Interest

Standard Payoff

Oct 2032
Total Interest: $8,500

Accelerated

May 2030
Total Interest: $4,300

Strategies to Crush Debt

Small changes make a massive difference over time.

Avalanche Method

Target High Interest

Focus your extra payments on the loan with the highest interest rate first. This mathematically saves you the most money.

Snowball Method

Build Momentum

Pay off the smallest balance first. The psychological win of eliminating a loan can motivate you to keep going.

Refinancing

Lower Your Rate

If you have good credit, refinancing to a lower rate can save thousands. Just be careful about losing federal protections if you refinance federal loans.