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Student Loan Payoff Calculator

Model extra payments and payoff timelines. Compare avalanche vs snowball to choose a strategy that fits.

Strategies and refinancing

Avalanche — Put extra money toward the loan with the highest interest rate first; you pay less total interest. Snowball — Put extra toward the smallest balance first to pay off individual loans sooner. This tool shows payoff order, total interest, and a month-by-month view. If you're considering refinancing, run your current loans here first, then change rates or add a single "Refinanced" loan to compare.

Your student loans

Enter up to 5 loans. Leave balance at 0 to skip a row.

Name

Balance ($)

APR (%)

Min payment ($)

Name

Balance ($)

APR (%)

Min payment ($)

Name

Balance ($)

APR (%)

Min payment ($)

Name

Balance ($)

APR (%)

Min payment ($)

Name

Balance ($)

APR (%)

Min payment ($)

Strategy & extra payment

Strategy

Extra monthly payment ($) Applied to your target loan each month