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 Calculator

The Student Loan Consolidation and Debt Payoff calculator applies two simple principles to paying off high-interest debt.
  1. Consolidate your existing student loans
  2. Use your extra cash every month to pay off your higher interest debt sooner
We apply the amount of payment savings you choose to your non-student loan debt with the highest rate. When that balance is paid in full, the balance with the next highest rate will be paid down. This continues until you have rolled through all of your balances and your non-student loan debt is paid in full. Click the "View Report" button for a detailed look at the results.


Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.