40k Student Debt Calculator

How Long Will it Take to Pay Off $40,000 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 $40,000 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 40k in debt? You will need to pay at least the interest. To pay off $40,000 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% $33/month
2% $67/month
3% $100/month
4% $133/month
5% $167/month
Interest Rate Minimum Payment
6% $200/month
7% $233/month
8% $267/month
9% $300/month
10% $333/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 40k in 1 Year 3,369.55 3,406.00 3,442.66 3,479.54 3,516.64
Pay off 40k in 2 Years 1,701.61 1,737.00 1,772.82 1,809.09 1,845.80
Pay off 40k in 3 Years 1,145.70 1,180.96 1,216.88 1,253.45 1,290.69
Pay off 40k in 4 Years 867.80 903.16 939.40 976.52 1,014.50
Pay off 40k in 5 Years 701.11 736.66 773.31 811.06 849.88
Pay off 40k in 6 Years 590.02 625.81 662.92 701.33 741.03
Pay off 40k in 7 Years 510.70 546.75 584.34 623.45 664.05
Pay off 40k in 8 Years 451.23 487.57 525.66 565.47 606.97
Pay off 40k in 9 Years 405.01 441.64 480.23 520.75 563.15
Pay off 40k in 10 Years 368.05 404.98 444.08 485.31 528.60
Pay off 40k in 11 Years 337.84 375.07 414.68 456.62 500.80
Pay off 40k in 12 Years 312.67 350.21 390.34 432.98 478.03
Pay off 40k in 13 Years 291.40 329.25 369.89 413.23 459.14
Pay off 40k in 14 Years 273.18 311.34 352.49 396.53 443.28
Pay off 40k in 15 Years 257.40 295.88 337.54 382.26 429.84
Years 2% 4% 6% 8% 10%
Pay off 40k in 16 Years 243.61 282.40 324.58 369.97 418.36
Pay off 40k in 17 Years 231.46 270.56 313.24 359.30 408.48
Pay off 40k in 18 Years 220.67 260.08 303.26 349.99 399.94
Pay off 40k in 19 Years 211.02 250.75 294.43 341.80 392.50
Pay off 40k in 20 Years 202.35 242.39 286.57 334.58 386.01
Pay off 40k in 21 Years 194.52 234.87 279.54 328.17 380.31
Pay off 40k in 22 Years 187.41 228.07 273.23 322.47 375.30
Pay off 40k in 23 Years 180.93 221.90 267.54 317.38 370.87
Pay off 40k in 24 Years 174.99 216.28 262.39 312.82 366.96
Pay off 40k in 25 Years 169.54 211.13 257.72 308.73 363.48
Pay off 40k in 26 Years 164.52 206.42 253.47 305.04 360.39
Pay off 40k in 27 Years 159.88 202.08 249.59 301.71 357.64
Pay off 40k in 28 Years 155.57 198.08 246.05 298.70 355.18
Pay off 40k in 29 Years 151.57 194.39 242.80 295.98 352.99
Pay off 40k in 30 Years 147.85 190.97 239.82 293.51 351.03