Student Loan Consolidation Form
Home | Student | Parent | Financial Aid Office

Apply for a Student Loan

Student Loan Consolidation Calculator

Want to see how much you could lower your student loan payments each month by consolidating? Use this calculator to estimate your monthly consolidated student loan payment.

When you consolidate, you can bundle all your eligible federal student loans into a single, easy-to-manage loan with one convenient monthly payment. And by consolidating now, you can lock in one low, fixed rate for your consolidation loan.

In order to calculate your new consolidated rate and monthly payment, enter the loan amount and interest rate for each of the loans you want to consolidate in the calculator below. If you?re unsure of your current interest rates, you can refer to our Stafford and PLUS interest rate guide. Please be sure to enter your base interest rate and not a rate that includes special discounts you may have with your current lenders.

Your new consolidated interest rate and monthly payment will calculate automatically as you enter your loan information.

Please note that these calculations are estimates only, and your actual consolidated interest rate will depend on verification by your current lenders of the interest rates on the loans you?re consolidating.


Not sure about your interest rates? Use this guide to help find your rates.
 


Consolidation Loan Calculator

Loan Amount

Interest Rate

$ %
$ %
$ %
$ %
$ %
$ %
$ %
$ %
$ %
$ %

Standard Repayment Plan Results

Total Consolidated Loan Amount:
Monthly Consolidated Payment:
Repayment Term (months) :
Repayments Terms (months) After Consolidating:

Estimated Consolidation Interest Rate:

Estimated Total Cost of Consolidation Loan (Principal + Interest):

* The interest rate on Federal Consolidation Loans is the weighted average of the statutory interest rates on the loans being consolidated, rounded up to the nearest 0.125%, up to a maximum rate of 8.25%.

For Students

financial aid info

For Parents

financial aid info

For Financial Aid Offices

About NextStudent | Privacy | Terms of Use | Contact
All content copyright © 2008 NextStudent Inc., All rights reserved.
Last updated Friday, August 29, 2008