Loan Repayment Calculator
Want to figure out how best to pay back your student loans? You're in the right place! This handy calculator actually works well for any kind of loan. Just plug in the terms and then you can tinker with the variables to find a solution that works for you.
Maybe you want to pay everything off by the time you're 30. In that case, set your loan duration accordingly and you'll be able to see how much you'll need to pay every month.
Maybe you can only afford to pay the minimum right now and want to see how long it will take you to be debt free. In that case, you'll simply need to specify what the payment amount will be and you'll be able to see how long you'll be making payments.
In both cases pay attention to what different variables can do to the total repayment amount. You might be surprised by how much you can save in interest by paying things off quickly.
