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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