Student Loan Payoff Accelerator (US)

You know the 10-year plan is cheaper. Now build the strategy to actually do it.

The free calculator showed you how much interest each plan costs. This planner helps you execute — simulate extra payments to see how much time and money they save, compare income-driven repayment options side by side, and track your actual payoff progress month by month.

What's Included

• Extra payment simulator: enter any additional monthly amount and instantly see the new payoff date, total interest saved, and months eliminated
• Lump sum calculator: model one-time payments (tax refund, bonus, gift) and see the accelerated payoff timeline
• IDR plan comparison (SAVE, IBR, PAYE, ICR): enter your income, family size, and loan details — see monthly payment and total cost under each plan, including forgiveness amounts after 20/25 years
• PSLF tracker: log qualifying payments toward the 120-payment Public Service Loan Forgiveness threshold, with a projected forgiveness date
• Refinancing comparison: enter a new rate and term, see monthly payment change, total interest difference, and break-even point vs your current plan
• Monthly payment tracker: log every payment, see real-time remaining balance, and watch the payoff date move closer
• Multi-loan support: enter up to 8 loans (federal and private) — the sheet calculates optimal payment allocation using avalanche or snowball method
• Works in Google Sheets (free) and Excel

Who This Is For

• US borrowers with federal student loans who want to compare standard repayment vs IDR vs aggressive payoff
• Anyone making PSLF-qualifying payments who wants to track their progress toward forgiveness
• Graduates considering refinancing who want to see the real numbers before committing
• People with multiple student loans who want a clear priority order for extra payments

How It Works

1. Enter all your student loans — balance, rate, minimum payment, servicer, federal vs private
2. Choose your strategy: minimum payments, avalanche (highest rate first), snowball (smallest balance first), or custom allocation
3. Enter any extra monthly amount you can throw at loans — the simulator shows your new payoff date instantly
4. Log payments monthly — the tracker updates remaining balances and projected payoff date
5. If using IDR or PSLF, enter your income annually — the sheet recalculates your IDR payment and forgiveness timeline