The Student Loan Tracker calculates the total interest saved across each loan by considering the time ranges and amounts of extra payments. As these parameters are changed, the interest saved table updates to reflect how much interest is saved across each loan. This is done in real-time as you edit your extra payments, allowing you to see how each change impacts the total interest saved.

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Student Loan Tracker

Need to scenario plan to pay the least interest on student debt? Utilize multiple graphs and charts to visualize when debt will be paid off and how mu...

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As these time ranges and amounts of extra payments are changed, the actual payment table calculates how much the user will pay across each loan, while the interest saved table will calculate how much interest is saved across each loan. The bar charts visualize the total interest paid, and total interest saved, across each loan. Both tables update in real-time as you edit your extra payments so you can see how each change impacts everything else.

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The bar charts in the Student Loan Tracker aid in visualizing the total interest paid and saved across each loan by providing a graphical representation of the data. This allows users to easily compare the amounts of interest paid and saved across different loans. As the user changes the time ranges and amounts of extra payments, the bar charts update in real-time, showing the impact of these changes on the total interest paid and saved. This can help users understand the effects of their payment strategies and make informed decisions about how to manage their student debt.

The Student Loan Tracker can assist in determining the number of extra payments needed to pay down debt quickly by allowing you to scenario plan. You can input different amounts of extra payments and time ranges, and the tracker will calculate how much you will pay across each loan. It also calculates how much interest is saved across each loan. The tracker provides visual aids such as bar charts to show the total interest paid and saved across each loan. These calculations and visualizations update in real-time as you edit your extra payments, allowing you to see the impact of each change.

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