Student loan paydown strategy

This page is designed to help you strategize on how to pay down your student loans. Once you enter information about your student loans, current income, and the interest your bank account currently pays, you'll see personalized recommendations.

Student loan information

Enter the following fields about your fixed interest student loans. The term length of most student loans is typically 5, 7, or 10 years.

Note that Federal loans generally have a term length of 10 years, and the monthly payment calculated here is based on the standard payment plan. The interest rates for Federal loans can be found on the Department of Education's website.

Student loan #1:

Starting balance (principal):

Loan term length:

Years remaining:

Interest Rate: 0%

Student loan #2:

Starting balance (principal):

Loan term length:

Years remaining:

Interest Rate: 0%

Income

Enter the following fields about your income and tax situation.

Tax filing status:

Income 1:

Pre-tax retirement contributions:

Savings

Enter the following field about your savings account.

What is the interest rate your savings account pays? 0%

Recommendations

About you

About your student loans

How to think about debt