Enter your student loan balance, interest rate and repayment term. Add an extra monthly payment to see how much sooner you are debt-free.
Last updated: · By Furkan Çetinkaya · About & Methodology
Monthly payment
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This shows a standard fixed repayment plan. Some countries collect student loans as a share of income above a threshold instead (for example the UK and Australia), and some write off the rest after a set time — check your plan's rules.
M = P × r ÷ (1 − (1 + r)−n)
If the rate is high and the loan is never written off, extra payments save interest. Income-based plans with write-offs can change the answer.
Usually the one with the highest interest rate.