This calculator is most appropriate if you would like to payoff your student loans faster. The LoanSense monthly payment tools allows you to understand how much quicker you will pay off your loans by increasing the monthly payment. This is completely individualized to your specific student loan interest rates.
Those who strive to get Public Service Loan Forgiveness (PSLF) or are on the Income-Driven Repayment plan (IDR) are on the pay less approach. Let's see which is right for you.
Here are a few items to consider when thinking about reducing your loan payment through an income-driven repayment plan or refinance. Which is the best option for you and what are the cons of each option?