What are the practical applications of the Student Loan Tracker in personal finance management?

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.

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Each loan you enter will appear on the loan summary tab. A Gantt chart visualization at the top breaks down each month's scheduled payment and goes gray when the month will be paid off. Now about those extra payments. In order to pay off your debt faster, the extra payment table allows the user to input how much extra to pay, and for how long, across each loan. For more advanced planning, the manual extra payment row lets the user input whatever amount they want to pay, any month they want.

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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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