Free Student Loan Payoff Calculator

Calculate your student loan payoff timeline, total interest paid, and early payoff savings. Compare federal repayment plans, refinancing rates, and income-driven options. Free student loan calculator.

How to Use Free Student Loan Payoff Calculator

  1. Add your loans with balance, interest rate, and minimum payment
  2. Use the Extra Payment slider to see how much faster you can pay off
  3. Check the Refinancing tab to compare rates
  4. Explore IDR and PSLF options in the Repayment Plans tab

Frequently Asked Questions

How long does it take to pay off student loans?

Standard federal repayment is 10 years. With income-driven repayment (IDR), it extends to 20-25 years. Our calculator shows your exact payoff date based on your balance, rate, and monthly payment.

Should I refinance my student loans?

Refinancing private loans to get a lower rate is often smart. Never refinance federal loans to private — you lose IDR plans, PSLF eligibility, and forbearance options. Our calculator shows your refinancing savings.

What is PSLF?

Public Service Loan Forgiveness forgives remaining federal loan balance after 120 qualifying payments while working full-time for a government or non-profit employer. Our guide explains eligibility and tracks payments.

How much does an extra $100/month save on loans?

On a $50,000 loan at 6% over 10 years, paying $100 extra monthly saves about $2,800 in interest and cuts 1.5 years from repayment. Our calculator shows your exact savings for any extra payment amount.

What is income-driven repayment (IDR)?

IDR plans cap monthly payments at 5-10% of discretionary income. SAVE plan (newest): 5% of discretionary income for undergrad loans. Remaining balance forgiven after 20-25 years. Our estimator calculates your IDR payment.

Is the Free Student Loan Payoff Calculator really free to use?

Yes — every FreeFixo tool, including the Free Student Loan Payoff Calculator, is 100% free with no paywall, no premium tier, and no usage limits. You do not need to create an account, enter a credit card, or share an email.