2017 RANKING & REVIEWS
TOP STUDENT LOAN REPAYMENT CALCULATORS


Use a Student Loan Repayment Calculator to Take Charge of Your Student Debt

Calculating student loan payments may not sound like the most interesting activity in the world. Yet considering Americans owe almost $1.3 trillion on their student loans, the need to calculate student loan repayment and get that debt paid off quickly is high.

Taking advantage of an online student loan repayment calculator can help you better understand your own student loan debt and create a plan to pay it off more quickly. This guide will lead you to the top six student loan payoff calculator websites online in 2017.

Award Emblem: Top 6 Best Student Loan Repayment Calculators

These student loan payment calculator options can help you estimate student loan payment information for your monthly payments, calculate student loan payment plans, and understand how much interest you are on track to pay.

Ulitmately, these repayment student loan calculator/student loan payment estimator websites will give you the knowledge you need to take charge of your student debt.

Take a look through these six best student loan payoff calculator websites, and find the one that will help you manage your student loans for 2017.

See Also: AMEX Starwood Credit Card vs Platinum Delta SkyMiles® Business Card vs Suntrust Business Credit Card vs TD Bank Business Card 



AdvisoryHQ’s List of the Top 6 Best Student Loan Payoff Calculator Options

List is sorted alphabetically (click any of the calculator names below to go directly to the detailed review section for that calculator):


Don't Miss: High Yield Bank Accounts


Top 6 Best Student Loan Repayment Calculator Websites | Brief Comparison & Ranking

Student Loan Repayment Calculators

Federal Student Loans?

Private Student Loans?

Unique Features

Adventures In Education

Yes

Yes

Repayment student loan calculator with amortization schedule

CNN Money

Yes

Yes

Simplifed and fast student loan payment estimator

Federal Student Aid

Yes

Yes

Great student loan repayment calculator for federal loans

Navient

Yes

Yes

Student loan payment calculator that shows you how much you could save on interest by upping your monthly payment

Sallie Mae

Yes

Yes

Student loan monthly payment calculator

Student Loan Hero

Yes

Yes

A paying off student loans calculator to help you reach your goal

Table: Top 6 Best Student Loan Payment Calculator Choices | Above list is sorted alphabetically


What Does a Student Loan Repayment Calculator Do?

Short answer: they can do lots of different things!

As you will see in our list of student loan payment calculator websites, a student loan payoff calculator can serve multiple purposes.

Student Loan Repayment Calculator

Image source: Freeimages

They can calculate student loan payment information for you, they can estimate student loan payment costs each month, they can help you figure out how to reach your goals of getting out of debt, and they can even help you figure out how to pay them off faster.

What all of these paying off student loans calculator choices have in common, though, is that they quickly crunch the numbers for you. Sure, you could technically do all this math yourself. But these websites already know the percentages and algorithms to bring you to your answer quickly.


Important Definitions Before Using a Student Loan Payoff Calculator

Before we show you the list of the top student loan repayment calculator websites, there are a few key phrases you should understand first:

  • Federal student loan vs. private student loan: A federal student loan is supplied and monitored by the government. A private student loan is supplied and monitored by a number of individual banks. The below repayment student loan calculator options can help you with both.
     
  • Student loan repayment calculator vs. student loan repayment estimator: The terms calculator and estimator can be used interchangably throughout this article. Since most of the repayment information is truly an estimate and not always exact, you may see “student loan payment estimator” used in the same way as “student loan payment calculator.”

AdvisoryHQ’s Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, calculators, and products that are ranked on its various top-rated lists?

Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, calculators, and services.



Detailed Review – Top Ranking Best Student Loan Repayment Calculator Choices

Below, please find a detailed review of each calculator on our list of paying off student loans calculator websites. We have highlighted some of the factors that allowed these student loan repayment estimator choices to score so highly in our selection ranking.

Don’t Miss: Top Cash Rewards Credit Card Offers | Ranking | Best Cash Back Rewards & Money Back Credit Cards



Adventures In Education Review


The first student loan repayment calculator we are looking at comes from the website Adventures In Education. What makes this student loan payment calculator unique is its detailed amortization schedule.

Student Loan Payment Calculator

Image Source: Adventures In Education

An amortization schedule is a step-by-step graph, showing what portion of each month’s payment goes to interest or principal. For example, you can see that your fourth payment will include a certain amount of interest, include a certain amount of principal and leave you with a certain amount of principal remaining.

To use this student loan payoff calculator with amortization schedule, you will need to enter the following information:

  • Loan amount
  • Term of the loan
  • Annual interest rate
  • Whether or not you want to see a detailed amortization table

Not only will you see the amortization schedule, but this student loan monthly payment calculator will also calculate student loan payment and show you the total interest you will pay over the life of the loan.


►► How to Prevent CANCER (Everything You Need to Know)


CNN Money Review


The next student loan payoff calculator that will estimate student loan payment information is from CNN Money. This is the most simplified and quickest student loan payment calculator on our list. It figures out only two facts: your payoff period and interest paid.

This student loan repayment calculator is helpful when you simply want to calculate student loan repayment time and interest without any other superfluous information.

To use this student loan repayment estimator, all you need to do is enter three pieces of information:

  • Loan amount
  • Monthly payment
  • Interest rate

The paying off student loans calculator will quickly begin calculating student loan payments, and you will learn when you can pay off your loan and how much interest you will pay along the way.

Related: Air Force vs. Guard vs. Navy Retirement Calculators | Comparison Reviews


►►  Budgeting Software App (FREE)


Federal Student Aid Review


The next student loan repayment calculator on our list is from Federal Student Aid. This is the ideal student loan payment calculator for those who have taken out federal student loans specifically, though you can enter the information of a private student loan as well.

Student Loan Payoff Calculator

Image Source: Federal Student Aid

In order to use this student loan monthly payment calculator, you will need to enter the following information:

  • Loan type (they have a drop-down list of popular options)
  • Loan balance
  • Interest rate
  • Tax filing status
  • Your income
  • Your spouse’s income
  • Your family size
  • State of residence

You can add as many loans as you have to this student loan payoff calculator. Then, the student loan payment estimator will estimate student loan payment information based on the ratio of your loans vs. your income and taxes.

Note: when you arrive to the website, you will be asked to sign in to an account. However, there is also an option to “proceed” to the student loan repayment calculator without having to sign in with an account.


►► American Women Guide (25-40 Year-Old Women) 


Navient Review


Now we will look at a student loan payment calculator from the website Navient. What makes this particular repayment student loan calculator unique is its feature that allows you to calculate student loan repayment with varying payment levels.

This means you can see how long it will take you to pay off your student loan and how much interest you will end up paying with your current monthly payment; you can see how much less time it will take and how much less interest you will pay by adding more to your monthly payment.

This student loan payoff calculator can encourage you to put more money toward your loan when you see how much you will save on interest over the years.

In order to use this paying off student loans calculator, you will need to enter the following information:

  • Loan balance
  • Interest rate
  • Years remaining in repayment
  • Current or anticipated salary
  • “What if you increased your monthly payment by….”

Then you will see your new monthly payment, the total amount you will pay, and your total interest. This student loan payment estimator will not only calculate student loan payment information; it will also offer easy-to-understand graphs on your loan cost and payment by year.

Popular Article: How to Find the Best VA Mortgage Calculator with Taxes and Insurance | Guide


►► Why You Should Sell SOMETHING on Amazon.com


Sallie Mae Review


The next student loan payment calculator on our list comes from Sallie Mae, and it is particularly a student loan monthly payment calculator. Its main purpose is to help you estimate student loan payment costs for each month.

This student loan monthly payment calculator is ideal for those who are about to take out a student loan or are about to start paying off their student loan to have an estimate of what to expect to pay each month.

In order to use this student loan monthly payment calculator, you only need to enter the following information:

  • Loan amount
  • Interest rate
  • Years to repay

The website will then estimate student loan payment information and give you an idea of what your monthly payment should be. It is a simple function, but it is important for future budgeting.

Read More: How to Find the Best Personal Loan Calculator to Calculate Payments & Interest (USA)



Student Loan Hero Review


The final student loan payoff calculator on our list comes from Student Loan Hero. What makes this particular student loan repayment calculator unique is that its purpose is to show you how much you need to spend each month to hit your goals.

For anybody who has a strong goal of paying off his or her student loans in a certain number of years, this student loan repayment estimator will calculate student loan payment information to tell you exactly how much you will need to spend each month.

In order to use this student loan payment calculator, you will need to enter the following information:

  • Loan amount
  • Interest rate
  • Term of loan
  • How much you can pay monthly
  • When you want to finish repayment

After calculating student loan payments, you will receive the following information:

  • What the standard monthly payment would be
  • What the required monthly payment is for your goal
  • How quickly you will have paid it off
  • How much interest you have saved

With this information, you can adjust your monthly spending accordingly in order to pay off your student debt by your desired month.


Conclusion – Top 6 Student Loan Payment Calculator Websites

Now you have an overview of the top six student loan payment calculator choices there are online in 2017. And you understand how each serves a unique but important purpose in helping you understand your federal and private student loans.

If paying off your student debt is a priority in your life, any of these student loan repayment calculator websites we have mentioned can serve a purpose in your finances.

Now that you have seen some of the best student loan payoff calculator options in 2017, you can begin calculating student loan payments and figuring out how to drop that debt quickly.


FREE software to help you make smarter financial decisions

See all your accounts in one place with this award-winning highly advanced, and free software for easy budgeting, money management, investments, expense tracking, and many more for all devices (online, desktop, iPhone, Mac, Samsung, Windows, tablets, etc.).

Click below (link will open in a new tab).

►► Top Rated Finance Software (FREE) ◄◄

This free tool lets you manage your entire financial life from one secure place – so you can reach your goals faster. Get yours now!


AdvisoryHQ Disclaimer:

Reasonable efforts have been made to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be our affiliates. Click to view our advertiser disclosures.