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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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Can I pay my student loan in full at any time?

Answer: Yes, you can pay your student loan in full at any time.

If you are financially able to do so, it may make sense for you to pay off your student loans early. Lenders typically call this “prepayment in full.” Generally there are no penalties involved in paying off your student loans early. However, you should make sure you know how much you currently owe. Check with your loan servicer to get a “payoff quote” – an estimate of how much you need to pay in order to pay the loan in full. Generally, your payoff quote is good for several days.

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The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

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