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Home > Tools > Education > Student Loan Repayment Optimizer

Student Loan Repayment Optimizer

Our Student Loan Repayment Optimizer helps you compare different student loan repayment strategies to find the most efficient approach. Analyze standard, graduated, extended, income-driven, and accelerated payment options to minimize interest costs and pay off loans faster.

Enter your loan details below to see personalized repayment options and find the strategy that best aligns with your financial goals.

Loan Information

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Personal Information

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Repayment Options

Total Amount Paid Comparison

Year

Student Loan Repayment Tips

Prioritize High-Interest Loans

If you have multiple loans, focus extra payments on those with the highest interest rates to save money over time.

Set Up Autopay

Many loan servicers offer a 0.25% interest rate reduction when you enroll in automatic payments.

Check Forgiveness Programs

Explore Public Service Loan Forgiveness, Teacher Loan Forgiveness, and income-driven forgiveness options if you qualify.

Consider Refinancing Carefully

Refinancing federal loans to private loans can lower your rate but permanently removes federal benefits and protections.

About Student Loan Repayment

Student loan repayment can be complex, with multiple options available depending on your loan type, financial situation, and career path. Federal student loans offer more flexible repayment plans than private loans, including income-driven options and potential forgiveness programs.

The right repayment strategy depends on your individual circumstances. While standard repayment plans may save money on interest, income-driven plans can provide more affordable monthly payments. Public service workers may benefit from forgiveness programs, while those with stable, high incomes might save by refinancing or making accelerated payments.

Note: This tool provides estimates based on the information you provide. Actual repayment amounts may vary. For federal loans, always consult your loan servicer or StudentAid.gov for official information about your repayment options.

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