How
to Estimate Your Monthly Student Loan Payments
Federal student loans have variable interest rates
set by the Federal Government each July. By consolidating
this year, you are able to lock in the new lower rates
for any eligible federal loans. In order to calculate
your new rate and monthly payment, please enter each
loan amount and interest rate in the calculator. If
you are unsure of your current rates, please refer
to the chart below. Please be sure to enter your base
interest rate, and not a rate that includes incentives
you may have with your current lenders. While you enter
your loan information, the results will automatically
calculate for you and display at the bottom.
Please note that these calculations are estimates only
and your actual interest rate is dependent on verification
by your current lenders.
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