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    Student loans

    Private Student Loan Payoff Calculator

    Compare a confirmed private-loan payoff plan with complete refinance-quote terms, total cost, fees, and safeguards.

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    6–10 min

    Typical time to complete

    Everyone

    Designed for this audience, usable by anyone

    Educational estimate

    Verify final numbers with official records and plan documents

    Student loans

    Private Student Loan Payoff Calculator

    Compare a confirmed private-loan payoff plan with complete refinance-quote terms, total cost, fees, and safeguards.

    Read: Student Loans Section

    Step 1

    Verify the loan type first

    Use federal records plus current lender statements. Do not enter lender names, account numbers, or any identifying information here.

    Choose only after checking the relevant records.

    Verify whether each loan is federal or private before entering a refinance-oriented path.

    Calculation assumptions and rounding

    Interest accrues monthly at APR ÷ 12. Payments occur monthly, the final payment is allowed to be smaller, and values are rounded only for display. The current schedule uses the entered payment; a refinance payment is calculated from its principal, APR, and term. Entered fees are treated as paid upfront. A variable APR is held constant only to make the estimate possible. No prepayment penalty, tax effect, approval, promotional-rate change, autopay change, or lender-specific protection is assumed.

    After this tool

    Use the result in your next decision

    Start with the closest related action. The other tools remain available as quieter alternatives.

    Loan Path Finder

    Separate federal forgiveness paths from private-loan payoff decisions before choosing a strategy.

    Use Loan Path Finder
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