Student Loan Payoff
Several loans, extra payments, avalanche vs. snowball, and what refinancing would cost you.
Rules last verified Sep 25, 2026
These are example numbers. Answer a few questions and every calculator fills in with yours, saved in this browser.
Your loans
Extra payments and refinancing
Compare a refinance
Debt-free with your extra payments
Debt-free in 4 yr 9 mo with the avalanche
- Total interest
- $10,026
- Sooner than minimums only
- 5 yr 4 mo
- Avalanche saves vs. snowball
- $1,122
Paying only the minimums takes 10 yr 1 mo and $23,282 in interest.
Avalanche
Highest rate first: least interest
- Debt-free
- 4 yr 9 mo
- Interest
- $10,026
Order paid off
- 1. Grad unsubsidizedmonth 48
- 2. Privatemonth 54
- 3. Undergradmonth 57
Snowball
Smallest balance first: quickest wins
- Debt-free
- 4 yr 10 mo
- Interest
- $11,148
Order paid off
- 1. Undergradmonth 10
- 2. Privatemonth 25
- 3. Grad unsubsidizedmonth 58
Refinancing at 5.50% for 10 years
- Monthly payment
- $597
- Total interest
- $16,627
- Vs. minimums only
- $6,655 less
$45,000 of these loans are federal. Refinancing federal loans is permanent: you lose PSLF, RAP, IBR and federal forgiveness. Check the RAP & PSLF planner first. Open the RAP & PSLF planner
Educational estimate. Federal loans may qualify for RAP, IBR and PSLF, which this payoff view doesn’t model; the RAP & PSLF planner does.