30 Year Student Loan Consolidation Calculator

This loan consolidation calculator compares the monthly payments interest rates and total cost of your current loans with the monthly payment interest rate and total cost of a consolidation loan.

30 year student loan consolidation calculator. This debt consolidation calculator is designed to help determine if debt consolidation is right for you. Read below to learn more about student loan consolidation and how combining loans produces a weighted average interest rate. Sofi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as income based repayment or income contingent repayment or paye. It s often but not always done in tandem with refinancing student loans which lowers your rate.

It includes calculations of standard extended and graduated repayment. Use the student loan calculator to estimate your repayment schedule and get the best deal from one of the. Licensed by the department of financial protection and innovation under the california financing law license no. Unfortunately there are no monthly savings with a 10 12 15 or 20 year term.

After a few years the results. Best debt consolidation loan rates. Consolidate of debt with us for the low rate of apr for 10 30 year terms you could save up to 2 880 annually for a 20 year term. Consolidating your federal student loans through the direct loan consolidation program would set your new interest rate at slightly higher than your current rate of if you chose to remain on the standard repayment plan you would pay and would finish paying off your loans in if you refinanced your student loans with a and 15 year term you would pay and pay off your.

Getting a consolidation loan can do more than pay off debt. Fill in your outstanding loan amounts credit card balances and other debt. Consolidating student loans is a common way to simplify your bills and streamline your payments. Longer terms have slightly higher mortgage rates overall.