Student Loan Prepayment Calculator

If you can swing it, paying off student loans ahead of schedule can be a smart way to save
thousands of your hard earned dollars.

Student Loan Prepayment Calculator

My current loan balance is…

My interest rate is…

My monthly payment is…

Select an option:

How much extra do you want to pay on your monthly payment?

Student loan refinancing rates as low as % APR. Check your rate in 2 minutes.


Looking for the best way to outsmart your student loan?

Calculate interest rate

Calculate what a new interest rate could save

So you can:

  • See how much refinancing saves
  • Plug in your numbers for results
  • Take the next step in outsmarting your loan
LET’S CRUNCH THE NUMBERS

Looking for the best way to outsmart your student loan?

Learn the smartest way to set up prepayments

Get the inside scoop on:

  • The best way to apply your payments
  • Exactly what to say to your lender
  • Making sure your lender puts your extra payment towards your principle
SEE HOW THIS WORKS
The best bank

Calculate what a new interest rate could save

So you can:

  • See how much refinancing saves
  • Plug in your numbers for results
  • Take the next step in outsmarting your loan
LET’S CRUNCH THE NUMBERS
Student Loans

See how a faster repayment plan can equal big savings

An easy-to-follow guide for:

  • Paying less interest
  • Consolidating more than one loan
  • Lowering your monthly bill, paying off your student loan faster, or both
EXPLORE YOUR OPTIONS

Interested in refinancing student loans?

Here are the top 6 lenders of 2018!
LenderRates (APR)Eligible Degrees 
Get real rates from up to 4 Lenders at once


Check out the testimonials and our in-depth reviews!
2.63% – 7.75%Undergrad
& Graduate
Visit SoFi
2.57% – 6.32%Undergrad
& Graduate
Visit Earnest
2.80% – 7.02%Undergrad
& Graduate
Visit Laurel Road
2.68% – 8.79%Undergrad
& Graduate
Visit Lendkey
2.57% – 6.65%Undergrad
& Graduate
Visit CommonBond
2.62% – 8.69%Undergrad
& Graduate
Visit Citizens
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.