When will I pay off my student loan? | Manifold

When will I pay off my student loan?

4

Ṁ232

2027

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Student loan balance: $11,955

Interest rate: 3.15%

Minimum payment: $750/month

If I pay the minimum, the loan will be gone in Dec. 2026. My goal is to have it paid off by July 2026. I expect to pay the minimum this year and increase to $900-$1000/month in Jan. 2026. I budget conservatively and typically end up with more money than I had planned for. If I run into financial trouble, I can easily refinance but that would very likely increase the interest rate.

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#US Student loans

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bought Ṁ10 ???

I'd pay minimum and put the extra money into a long term passive investment, like MSCI World ETF or so. Hence, I'd bet on Dec'26

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Related questions

Will @evan be late to pay back a loan?

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Will federal student loan be given with zero interest in the US by 2050?

Will @amitiscool repays his loan amounts in full by the end of the loan term?

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