Student Loan Consolidation Calculator

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. There are also student loan calculators available on the Direct Lending Website.

Consolidation Loan Calculator

Loan Amount

Interest Rate

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

Standard Repayment Plan Results

Total Amount of Loans:
Monthly Payment:
Repayments Terms (months) :
Repayments Terms (months) After Consolidating:

Interest Rate:

Total Cost:

* The interest rate on Federal Consolidation Loans is the weighted average of the statutory rates of the federal student loans being consolidated, rounded up to the nearest 1/8th or 8.25%, whichever is less.

Apply Now