Estimate a fixed student-loan payment, payoff time, and interest with an optional extra payment.
Your inputs
Your result
Enter your information and select Calculate to see the result.
How this calculator works
The standard payment uses fixed monthly amortization. Extra payment is applied to principal in the monthly payoff simulation.
Change one assumption at a time to see which inputs have the greatest effect on the estimate.
Worked example
Adding even a modest recurring extra payment can shorten payoff time when the servicer applies it to principal.
Limitations
Federal and private loan plans can include income-based payments, capitalization, deferment, forgiveness, fees, and servicer rules. Federal Student Aid recommends its official Repayment Calculator for plan eligibility. Editorial review is required before publication.
Review this educational estimate against current quotes, official information, and your own budget before making a financial decision.
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