After 20 to 25 years of student loan payments, you can receive student loan forgiveness on your remaining balance. Student loan calculators can calculate your monthly payment, amount of student loan forgiveness and even help you choose a repayment plan. This student loan refinancing calculator shows you how much money you can save when you refinance student loans. There are many ways to save thousands of dollars in interest and lower your student loan interest rate. The best time to refinance student loans is whenever you can get a lower interest rate than your current interest rate.

Source: Forbes December 13, 2019 13:30 UTC