College Worth It Calculator

1) College Loan Calculator

Total student loan debt?

Loan interest rate (%)?

Minimum monthly payment?

Extra monthly payment?

Payment Schedule

PrincipalInterest

Each bar is one year of payments. The white split line separates interest (top) from principal (bottom).

Debt-free date (with extra)

February 2031

Years to pay off

4y 9m

Total interest paid

$8,383

Interest saved with extra payment

$7,997

Payment Mix

Principal: $49,000 (85.4%)

Interest: $8,383 (14.6%)

Timeline comparison

Standard payment

May 2035

With extra payment

February 2031

You finish 4y 3m sooner by adding $400/mo.

Expected career?

Starting salary?

Taxes + deductions (%)?

Rent (monthly)?

Living expenses (monthly)?

Monthly take-home pay

$4,370

Registered Nurse

Monthly free cash flow

$1,260

Formula: take-home pay - (loan payment + rent + living expenses)

Cash Flow Graphic

Take-home income

Loan + rent + living costs