If you're faced with a hefty amount of student loan debt, you're among the majority of people. When coupled with consumer debt from credit cards or other loans, your financial obligations can feel insurmountable. The key is create a plan. This calculator shows you how when you consolidate your students loans and then use your savings to pay down your higher-interest non-student loan debt. Each time a debt is paid off, the money you applied to that debt each month is directed toward the next debt you owe.
Student Loan Consolidation and Debt Payoff CalculatorThe Student Loan Consolidation and Debt Payoff calculator applies two simple principles to paying off high-interest debt.
- Consolidate your existing student loans
- Use your extra cash every month to pay off your higher interest debt sooner