Student Loan Consolidation
Student loan consolidation is a practical repayment tool that combines your student loans into one master loan, significantly reducing your monthly payment (up to 50% in some cases!). Take a look at how much you can save each month with our student loan consolidation calculator.
Federal Loan Consolidation
Consolidating your federal student loanscan reduce your monthly payment. You can e-Sign your application online and be finished in minutes.
Private Loan Consolidation
Some private student loan program offers interest rate reductions for on-time and automatic payments and there are no pre-payment penalties.
How much can you save each month?
If you consolidate student loans right now, you could save hundreds of dollars a month. Here's a quick chart showing how much you could save on your monthly payments:
| Total Loans | Current Payment | After Consolidation | Monthly Savings |
|---|---|---|---|
| $30,000.00 | $345.24 | $229.00 | $116.24! |
| $40,000.00 | $460.32 | $277.63 | $182.69! |
| $50,000.00 | $575.40 | $347.04 | $228.37! |
| $75,000.00 | $863.10 | $488.94 | $374.16! |
| $100,000.00 | $1,150.80 | $651.93 | $498.88! |
| Consolidate Your Student Loans! | |||
Savings shown are based on the current Stafford Loan interest rate of 6.8%; borrowers in grace periods, with student loans other than Stafford (i.e. PLUS or Perkins loans), or with Stafford Loans older than July 1, 1998, will have different interest rates.
Student Loan Consolidation Blog
It’s July 23rd, Do you know where your loans are?
- Did you know that because nearly all private student loans have variable APRs, your interest rate could have changed several times in the past 2 years?
Confused about reform and consolidation?
- If you’ve heard the word about the reform currently in progress across the country, you probably are aware of the end of the FFEL program and exclusive federal consolidation returning...
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