$79,000 Student Loan Payoff Time

How long will it take to pay off $79,000 in student debt? Pay off 79k student debt.
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With a monthly payment of $800, you will pay off your student debt in 10 years, 10 months.

Should You Pay off Your Student Debt?

You may be able to pay off your student debt. But should you?

Some politicians in the U.S. have proposed canceling some or all student debt. You might feel foolish if you worked and saved only to have other people get their debts paid for free.

A more prudent course of action in the meantime would be to continue to make minimal payments, making sure to avoid any penalties and fees.

Time it Takes to Pay $79,000 in Student Debt
Based on monthly payment and interest rate.
Rate $500 $1,000 $1,500 $2,000 $2,500
2.00% 15 years 7 years 5 years 41 months 33 months
3.00% 17 years 7 years 5 years 42 months 33 months
4.00% 19 years 8 years 5 years 43 months 34 months
5.00% 22 years 8 years 5 years 44 months 34 months
6.00% 26 years 8 years 5 years 45 months 35 months
7.00% 37 years 9 years 5 years 46 months 36 months
8.00% never 9 years 6 years 46 months 36 months
9.00% never 10 years 6 years 48 months 37 months
10.00% never 11 years 6 years 4 years 37 months