How long to pay off student loans? Our calculators can help you find out


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How long does it take to pay off student loans? It varies based on the strategy you use to repay. But if you’re unsure how to move forward, our calculators can help find the best payoff plan for you.

Use our Percentage of Salary Calculator to build a repayment plan based on using a portion of your yearly earnings. Use our Monthly Payment Calculator to build a repayment plan based on contributing monthly payments.

Both calculators can help you determine your ideal monthly payment, as well as:

  • How long to pay off a student loan (in years)
  • Total interest you’ll pay over the life of your loan

Note: If your contributions are less than what monthly interest would cost, the calculator will not be able to determine a payoff time frame.

Pay off student loans based on salary

Choose a percentage of your salary as payment, and see how long it will take to pay off your loan.


Monthly payments
Years until payoff
Total interest you'll pay

Pay off student loans based on monthly payments

Enter your loan amount, interest rate and monthly payment to see when your loan will be paid off.


Years until 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.

4 tips for paying off student loans

So you’ve figured out your ideal repayment plan, but maybe you’re still asking, “When will my student loans be paid off?” If so, here are some additional tips and tricks to help you pay off your student loans faster — without breaking the bank.

1. Make larger payments

If it’s possible, pay more than the minimum amount. Often, lenders will apply your monthly payment to your loan’s interest before its principal. If you pay only the minimum amount, then less of your money will go toward paying down the principal. You’ll end up paying more in interest over the life of the loan.

By paying more than the minimum, you’ll pay down more of the principal — which can help you pay off your student loans much sooner.

2. Pay more than once per month

Making an extra payment in addition to your required payments can go a long way toward reducing the principal of your student loan. Your loan may have less interest accrued if you can make another payment within the same month. A more significant percentage of your money may be applied to the principal as a result.

3. Create a budget — and stick to it

Paying off a student loan is a long-term effort. Creating a budget can identify which expenses are necessary and which aren’t. You may discover how daily spending decisions affect your long-term goals and find ways to pay down your loan faster in the process.

Setting a goal for yourself can be a great way to stick to your budget. Once you have an end date in mind, you’ll feel each payment bringing you one step closer to paying off your loan.

Another great way to avoid the urge to spend? Create a dedicated student loan account and deposit money automatically. That way, you may remove the temptation to spend repayment funds.

4. Explore all your options

There’s more than one way to pay off a student loan. Depending on your circumstances, you may be surprised at the various repayment options available to you:

If you qualify, these options can help you pay down your loan faster. But no matter your situation, with good planning and discipline, you can pay off your student loan faster than you expected.

Consider refinancing your student loans: This can save you money over time by getting a lower interest rate.