Calculators
Student loan calculators
Refinance savings calculator
Example numbers only. Enter your own from your loan statement. Use the APR from a real offer, not an advertised starting rate.
Common terms are offered in years. 120 months is 10 years.
Current monthly payment
$415.46
New monthly payment
$388.57
Monthly savings
$26.88
Total interest saved
$3,226
Total interest: $14,855 now vs $11,629 after refinancing.
Assumes a fixed rate, on-time payments and no fees. Results are estimates, not an offer.
Before you refinance federal loans: Refinancing federal student loans with a private lender means you permanently lose access to federal benefits such as income-driven repayment, forgiveness programs, and federal deferment or forbearance.
Sources: Federal Student Aid, CFPB, Federal Student Aid
Payoff date calculator
Example numbers only. Enter your own from your loan statement.
Time to pay off
9 yr 11 mo
Debt-free around
Calculating
Total interest
$12,565
Extra payment calculator
Example numbers only. Enter your own from your loan statement. Ask your servicer to apply extra payments to principal.
Regular payment
$397.42
New payoff time
7 yr 5 mo
Time saved
2 yr 7 mo
Interest saved
$3,504