Debt
Debt Payoff Strategies That Actually Work
Avalanche vs snowball, balance transfers, consolidation -- here's the math and psychology behind the debt payoff strategies that get real results, with Federal Reserve data.
Student Loan Strategy Tool
Compare all repayment plans side-by-side: monthly payment, total paid, forgiveness timeline. Includes SAVE, IBR, PAYE, and standard.
Student Loan Strategy Tool
What's the smartest way to tackle your student loans?
$
$1,000$300,000
Total across all federal student loans
5.5%
2.0%9.0%
Federal undergrad loans are currently around 5.5%
$
$0$300,000
Before taxes -- this determines income-driven plan payments
You have options -- here's how 5 repayment plans compare
Here's what I'd tell a friend
The Standard plan is your best bet: you'll pay the least total ($45,581) and be done in 10 years. At your income level, the monthly payment of $380 is comfortable. If you can pay extra, every dollar above the minimum goes straight to principal.
Standard
$380/mo
Total: $45,581 | 10 years
Extended
$215/mo
Total: $64,479 | 25 years
Graduated
$228/mo
Total: $50,880 | 12y 6m
SAVE
$176/mo
Total: $56,387 | 16y 3m
IBR
$270/mo
Total: $48,883 | 12 years
Cheapest overall
Standard
Total cost: $45,581
Potential savings
$18,898
Difference between Standard and Extended
The Money Friend
You have options -- here's how 5 repayment plans compare
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This calculator provides estimates for informational purposes only and does not constitute financial advice. Actual costs may vary based on your creditworthiness, location, and lender. Consult a licensed financial advisor or mortgage professional before making financial decisions.
Interest rates, payments, and loan terms shown are examples for illustration purposes only and do not represent an offer to lend, a commitment to make a loan, or a guarantee of any specific rate or term. Actual rates and terms are determined by lenders based on your individual credit profile and may differ from examples shown.
Past performance and historical data do not guarantee future results. Equal Housing Opportunity.