New Hampshire Higher Education Assistance Foundation
Making extra principal payments on a loan may help satisfy it sooner and decrease the amount of total interest paid, and thus the total cost of the loan. This calculator demonstrates the benefits of paying extra on your loan and the manner in which it will affect your loan term.
Example values are provided. Change the sample amounts below to see the effects on savings.
© 2022 NHHEAF. All Rights Reserved. NHHEAF and the Tree logo are trademarks of The NHHEAF Network Organizations.