Education & Exams / Student Finance
Student Loan Payoff Calculator (Multiple Loans)
Your Student Loans
Total Balance
$50,000
Total Minimum Payment
$600/mo
Extra Payment Strategy
Additional amount to pay each month beyond minimum payments
How to Use This Calculator
Compare three popular student loan payoff strategies to see which one saves you the most money and gets you debt-free fastest.
Debt Avalanche: Prioritizes loans by highest interest rate. Mathematically optimal - saves the most money.
Debt Snowball: Prioritizes loans by smallest balance. Psychologically motivating - gets quick wins.
Standard: Pays loans in the order you entered them without optimization.
See Also
Other calculators in Student Finance