student loans

How long will it take to pay off my student loan?

Student Loans » How Long Will It Take To Pay Off My Student Loan?

These calculators will help you figure out how long it will take to pay off your student loan based on varying factors. Use the top calculator to figure out how long it will take to pay off your student loan if you are devoting a certain percentage of your salary to paying off your loan. Use the bottom calculator if you'd prefer figuring out how long it will take to pay off your student loan based on how much you can pay each month.

Note that if you choose a value too low, the calculator will not be able to figure a payoff time frame, as interest will be building more than you are paying down.

Pay off student loan based on percentage of salary

Choose a percentage of your salary as payment

What's your annual salary? $
How much do you owe on student loan? $
Interest on your student loans %
What % of your salary do you want to put toward loan? %

RESULTS

Monthly payments
How many years till payoff
Total interest you'll pay

Pay off student loan based on monthly payments

Choose a monthly payment

How much do you owe on student loan? $
Interest on your student loans %
How much can you pay each month toward the loan? $

RESULTS

How many years till payoff
Total interest you'll pay

*Each student loan has its own terms giving a student a minimum payment amount. If your loan is too high and your chosen payoff amount too low, because of interest, the loan will never be paid off.

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