Selected
Avalanche
5 years, 6 months and $8,421 of interest
Planner
Student Loan Payoff Planner
Compare student-loan payoff timelines across federal and private balances while keeping repayment protections, relief options, and refinancing tradeoffs in view.
Loan plan
Build the payoff list
Enter each student loan once, mark whether it is federal or private, and use the required minimums from the current servicer statement.
Pay the highest APR first to usually reduce total interest.
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Extra money after required payments are covered.
Loan 1
Federal$
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$
Loan 2
Federal$
%
$
Loan 3
Private$
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Strategy comparison
Compare payoff speed with loan protections
Avalanche and snowball can organize the payoff order. Federal repayment options, forgiveness paths, and private-loan hardship terms may still change the right next move.
Alternate
Snowball
5 years, 6 months and $8,744 of interest
Baseline
Minimums only
9 years, 10 months and $14,098 of interest
The selected strategy saves about $323 versus the alternate strategy at the same payment level. Review federal protections before treating the cheapest payoff path as the only planning answer.
How to use this student loan payoff planner
Use the planner to compare payoff math, then confirm whether federal or private loan rules change the decision.
Avalanche
Usually strongest when rate cost is the main problem and you can stay consistent without early payoff wins.
Snowball
Usually strongest when clearing a smaller loan first would help the repayment plan feel easier to keep.
Federal protections
Federal loan benefits can matter. Review repayment-plan and forgiveness tradeoffs before refinancing or accelerating blindly.
1
Separate the loan types first
Mark each loan as federal or private before reading the payoff math. Contract protections can change the decision.
2
Use current balances and minimums
Enter the balance, APR, and required payment from your servicer. Then add one extra monthly amount the budget can actually keep supporting.
3
Check protections before chasing speed
A faster payoff path can be useful, but federal repayment plans, deferment, forbearance, consolidation, and forgiveness rules may deserve review first.
About this tool
What this helps you do
This planner models student-loan payoff timing from balances, APRs, minimum payments, one extra monthly payment, and a selected payoff order.
How to interpret results
Treat the result as payoff math, not a complete repayment-plan recommendation. The fastest path is not always the best student-loan decision.
Why loan type matters
Federal and private student loans can carry different relief options, refinancing consequences, and borrower protections. Review the contract before changing the plan.
Limitations
This tool is educational only. It does not model income-driven repayment, forgiveness, deferment, forbearance, consolidation, refinancing, taxes, or servicer-specific rules.
Keep learning
Student-loan notes
This planner is educational. It compares balances, APRs, minimum payments, and one extra monthly amount. It does not replace your servicer, promissory note, or a repayment-plan review.
Federal loan payoff math does not model income-driven repayment, deferment, forbearance, consolidation, or forgiveness programs. Review those tradeoffs before accelerating or refinancing federal debt.
A mixed federal-private loan stack deserves a separate contract review. The highest-rate loan is not automatically the best strategic target if a federal loan is carrying protections you may still need.
Private student loans usually have fewer standardized relief options than federal loans. If the required payment is already too tight, compare hardship options before assuming extra-payoff math is the only next move.