Student Loan Consolidation Calculator

By consolidating your federal student loans, you may be able to extend your repayment term and reduce your monthly student loan payments. Student loan consolidation also gives you the convenience of a single monthly student loan payment.

If you’re thinking about consolidating student loans and want to know what your new consolidated monthly payment would be, you can use this calculator to estimate your new monthly payments. Enter the current outstanding amount and interest rate on each of your student loans into the calculator below.

Not sure what your current student loan interest rates are? Use this chart of student loan rates to help find the interest rate for your federal college loans.

(Please note that these calculations are estimates only and your actual consolidated monthly payments and interest rate may vary.)

The interest rate on a federal student consolidation loan is the weighted average of the interest rates on the federal student loans being consolidated, rounded up to the nearest 0.125% or 8.25%, whichever is less.