Want to payoff your student loans early? The Student Loan Prepayment Calculator helps you determine how much in additional payments you need to make each month to hit your debt payoff date goal. Or you can calculate how much faster you’ll pay off your student loans when making extra payments as well as how much interest you can save.
|Your standard monthly payment||$245|
|Extra monthly payment||$255/mo|
|Paid off in||86mo (~7yr)|
|Expected total interest||$23,735|
|Your total interest||$7,650|
|Total savings||+ $16,085|