You can use a Student Loan Payoff Calculator to figure out how quickly you can pay off your loans by making extra payments.

You can find an example that shows you the amount you will have to pay off for your federal student loans, as well as the interest you will pay when you pay off your student loans.
If you are planning on graduate school, consider using a student loan payoff calculator to make sure you don’t end up paying too much for graduate school or are just wondering how much you can expect to have left over once you pay off your loans.
Find out what your repayment options are when you decide to go to graduate school!

Families

If you have a dependent student who is receiving a financial aid package, your student loan debt can be forgiven. If your student loan was in your name alone and the parent is not also receiving a student loan payment, the student loan can be forgiven through the loan consolidation process. The parent has to make the payment for the parent’s portion of the student loan.

Student Loans for Family Members

If you are the only person paying for your child’s student loans, you may be eligible for a refinance student loans programs. Student Loans for Others If you have more than one student loan and one is in your name alone, you may be eligible for a loan consolidation. Note that you cannot consolidate loans of the same type. Family Members can also consolidate loans of the same type. If you are a graduate student, you may be able to consolidate your loans into a Federal Family Education Loan. The loan is different from the Direct Loan, which only has repayment options for graduate students. Federal Family Education Loan is an income-driven loan.

Note: If you have both Federal Family Education Loans and Direct Loans in your name, only one will be counted in the calculation of the annualized rate of interest. Also, if you are not the loan holder and/or have loan forgiveness, the loan forgiveness you qualify for will not be included in the calculation of interest rates.

Getting Approved for a Consolidation Loan and How to Complete It Federal Family Education Loan allows borrowers to consolidate a combination of Federal Stafford Loans and Federal PLUS Loans. This lets you consolidate your Federal Stafford Loans at a lower interest rate than you would have if you were to refinance. Additionally, borrowers can consolidate Federal Stafford Loans and Federal PLUS Loans to reduce their monthly payment by $5 (or an additional $1.00) and can obtain a lower interest rate than the loan holder would offer otherwise. Generally, the borrower must make 30 to 35 percent of the loans they are consolidating in order to qualify. To obtain approval for a consolidation loan, you must prove that you are unable to make the payments you would have made had you been paying at the higher rate, and that you can maintain the same monthly payment as if you were not consolidating, and that you are unable to make the same number of payments as if you were not consolidating.