Bigger monthly payments lead to long-term savings

College is costly. Student loan debt piles up quickly. But there's a good strategy for chipping away at it. Add a little bit extra to each monthly payment. You'll shorten the repayment period and reduce the overall interest charges. Use this calculator to figure out how to fit this approach into your finances.

Information, calculators and interactive coaches provided are tools for your use and are not intended to provide financial, investment, legal, tax or accounting advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.