20k Student Debt Calculator

How Long Will it Take to Pay Off $20,000 in Debt?
Try the loan payment calculator to calculate a monthly payment.
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Calculate how long it will take to pay off $20,000 in debt. This can be used for any type of debt, such as student loans, credit card debt, a mortgage, etc. What is the minimum payment needed to pay off 20k in debt? You will need to pay at least the interest. To pay off $20,000 in debt you will need to pay more than the amount listed below so that the loan balance will not grow over time.
Browse the payment table below to view minimum monthly payments to avoid debt from growing over time.
Interest Rate Minimum Payment
1% $17/month
2% $33/month
3% $50/month
4% $67/month
5% $83/month
Interest Rate Minimum Payment
6% $100/month
7% $117/month
8% $133/month
9% $150/month
10% $167/month
Browse the payment table below to view monthly payments based on pay off time and interest rate.
Years 2% 4% 6% 8% 10%
Pay off 20k in 1 Year 1,684.78 1,703.00 1,721.33 1,739.77 1,758.32
Pay off 20k in 2 Years 850.81 868.50 886.41 904.55 922.90
Pay off 20k in 3 Years 572.85 590.48 608.44 626.73 645.34
Pay off 20k in 4 Years 433.90 451.58 469.70 488.26 507.25
Pay off 20k in 5 Years 350.56 368.33 386.66 405.53 424.94
Pay off 20k in 6 Years 295.01 312.90 331.46 350.66 370.52
Pay off 20k in 7 Years 255.35 273.38 292.17 311.72 332.02
Pay off 20k in 8 Years 225.62 243.79 262.83 282.73 303.48
Pay off 20k in 9 Years 202.51 220.82 240.11 260.37 281.57
Pay off 20k in 10 Years 184.03 202.49 222.04 242.66 264.30
Pay off 20k in 11 Years 168.92 187.53 207.34 228.31 250.40
Pay off 20k in 12 Years 156.34 175.11 195.17 216.49 239.02
Pay off 20k in 13 Years 145.70 164.62 184.94 206.61 229.57
Pay off 20k in 14 Years 136.59 155.67 176.25 198.26 221.64
Pay off 20k in 15 Years 128.70 147.94 168.77 191.13 214.92
Years 2% 4% 6% 8% 10%
Pay off 20k in 16 Years 121.81 141.20 162.29 184.99 209.18
Pay off 20k in 17 Years 115.73 135.28 156.62 179.65 204.24
Pay off 20k in 18 Years 110.33 130.04 151.63 174.99 199.97
Pay off 20k in 19 Years 105.51 125.37 147.22 170.90 196.25
Pay off 20k in 20 Years 101.18 121.20 143.29 167.29 193.00
Pay off 20k in 21 Years 97.26 117.44 139.77 164.09 190.16
Pay off 20k in 22 Years 93.70 114.04 136.61 161.24 187.65
Pay off 20k in 23 Years 90.46 110.95 133.77 158.69 185.44
Pay off 20k in 24 Years 87.50 108.14 131.20 156.41 183.48
Pay off 20k in 25 Years 84.77 105.57 128.86 154.36 181.74
Pay off 20k in 26 Years 82.26 103.21 126.74 152.52 180.20
Pay off 20k in 27 Years 79.94 101.04 124.80 150.86 178.82
Pay off 20k in 28 Years 77.79 99.04 123.02 149.35 177.59
Pay off 20k in 29 Years 75.79 97.19 121.40 147.99 176.50
Pay off 20k in 30 Years 73.92 95.48 119.91 146.75 175.51