How does the Student Loan Tracker enhance debt repayment strategy?

The Student Loan Tracker has several practical applications in personal finance management. It allows users to plan scenarios to minimize interest on student debt. It provides visual aids like graphs and charts to help users understand when their debt will be paid off and how much they will owe at any given time. It also calculates the number of extra payments required to pay off the debt as quickly as possible. Users can input the amount they want to pay extra and for how long, across each loan. For advanced planning, users can input any amount they want to pay in any month.

The main components of the Student Loan Tracker are the loan summary tab, a Gantt chart visualization, and the extra payment table. The loan summary tab displays each loan you enter. The Gantt chart visualization breaks down each month's scheduled payment and indicates when the loan will be paid off. The extra payment table allows the user to input how much extra they want to pay, and for how long, across each loan. There is also a manual extra payment row for more advanced planning, where the user can input any amount they want to pay in any month.