Federal Loan Consolidation Calculator

Consolidating federal student loans can significantly decrease your monthly loan payment. Use the simple consolidation calculator below to estimate your monthly savings.

You can use estimates for the loan amounts, and you can combine loans with the same or similar interest rates. If you are not sure of your rates, this interest rate chart may help.

  Enter Loan Amounts:
enter whole number (example 15000)
Interest Rates:
enter as a decimal (example: 6.62)
Loan 1: $ .00 %
Loan 2: $ .00 %
Loan 3: $ .00 %
Loan 4: $ .00 %
Loan 5: $ .00 %

* Disclaimer: This calculator is provided for informational purposes only. Calculated results are based on many factors, including the assumptions provided by the user. We cannot and do not provide any guarantees, conditions or warranties as to result accuracy or applicability to the user's particular circumstances. It is the responsibility of the user to verify that all of the output and resulting calculations are correct. This calculator should not be used by anyone to make material financial decisions and should be used solely for informational purposes. Actual terms will be set by your lender or your school. We encourage any user to seek personalized advice from qualified professionals regarding all personal finance issues.

Not sure what your rates are?

  Interest Rate
Stafford Loans in grace period 6.62%
Stafford Loans in repayment 7.22%
Stafford Loans issued before July 1, 1998 8.02%
Stafford Loans issued after July1, 2006 4.66%
Parent PLUS Loans issued after July 1, 2006 8.50%
Parent PLUS Loans issued after July 1, 1998 but before July 1, 2006 8.02%
Previous consolidations have fixed rates set at time of consolidation