Student Loan Calculator
Calculate student loan payments and explore repayment strategies with extra payments
Simple Student Loan Calculator
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Student Loan Repayment Calculator
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Understanding Student Loan Repayment
Student loans are a significant financial commitment that can impact your finances for years. Understanding your repayment options and the impact of extra payments can help you save money and pay off your loans faster.
Key Strategies:
- • Extra Payments: Even small additional payments can significantly reduce your total interest
- • Refinancing: Consider refinancing to lower interest rates if you have good credit
- • Income-Driven Plans: Federal loans offer income-driven repayment options
- • Loan Forgiveness: Some careers qualify for loan forgiveness programs
Benefits of Extra Payments: Paying extra each month can save thousands in interest and reduce your loan term by years.