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Early Payoff Date Calculator

Calculate how much extra you need to pay monthly to clear your student loan by your target date

Pay Off Early?

Discover how much extra you need to pay each month to become debt-free by your chosen date.

£
£

Mandatory payment: £58/month

Threshold: £27,295 | Rate: 9.0%

120 months from now

Early Payoff Plan

Achievable Goal

You can pay off your loan by Oct 2035

Required Extra Monthly Payment

£468

On top of mandatory £58

Total Monthly Payment

£525

For 120 months

Total Extra Over Period

£56,104

Interest Saved

£572,571

vs standard repayment

Timeline Comparison

Standard payoff:40.0 years
With extra payments:10.0 years
Time saved:30.0 years

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Make informed decisions about your student loan