Student Loan Consolidation Repayment

Before & After Federal Consolidation

Still not sure about consolidating your federal student loans? Take a look at what student loan consolidation could do for you.

Current Situation After Consolidating
PLUS Loan at 9.00% (cap rate) Lower interest rate to 4.25%
$25,000 balance @ $317/month Payments lowered to $155/month
Savings: $1,944/year
Current Situation After Consolidating
Stafford Loan at 8.25% (cap rate) Lower interest rate to 3.5%
$20,000 balance @ $245/month Payments lowered to $116/month
Savings: $1,548/year

But wait … there’s more

If you invest your savings of $290 per month at 8%, your investment will be worth $235,798 in 25 years.

Ready to apply? Call a NextStudent Education Finance Advisor now at (800) 299-4639.

More About Federal Consolidation Loans

» Apply online and lock in at the lowest rate
» Eligibility
» Loan Amounts
» Rates, Fees, and Terms
» Top Questions About Consolidation Loans
» More About NextStudent Consolidation Loans
» NextStudent Custom Consolidation Loan Calculator