Student Loan Consolidation vs. Refinancing Calculator

Step 1: Enter Current Loan Info
Federal Student Loan Balance
Average Interest Rate
Monthly Payment
Step 2: Enter Refinancing Info
New Interest Rate
New Loan Term (years)
CURRENT LOAN CONSOLIDATION REFINANCING
TOTAL PAYMENT
$300
TOTAL PAYMENT
$300
TOTAL PAYMENT
$300
MONTHLY PAYMENT
$383
MONTHLY PAYMENT
$483
MONTHLY PAYMENT
$100
PAYOFF DATE
$383
PAYOFF DATE
$483
PAYOFF DATE
$100

Compare The Best Student Loan Refinance Rates For 2018

Lender
Rates (APR)
Minimum Credit Score

Overview

Variable Rates: 2.57% - 5.87%
Fixed Rates: 3.25% - 6.32%
Average Savings: $21,810
Minimum Credit Score: None
Minimum Income: None
Fees: None

Details

Eligible Loans: Private & Federal
Minimum Loan Amount: $45,000
Loan Terms: 5-20 years
Borrower Residency: All States except AL, KY, MS, VT
Unemployment Protection: Yes
Co-signer Option: Yes
2.54% - 7.38%
Good or Excellent

Overview

Variable Rates: 2.54% - 7.38%
Fixed Rates: 3.25% - 7.13%
Average Savings: $30,069
Minimum Credit Score: Good or Excellent
Minimum Income: None
Fees: None

Details

Eligible Loans: Private or Federal
Minimum Loan Amount: $5,000
Loan Terms: 5, 7, 10, 15, 20 years
Borrower Residency: All states
Unemployment Protection: Yes
Co-signer Option: Yes

Overview

Variable Rates: 2.56% - 7.74%
Fixed Rates: 3.15% - 8.12%
Average Savings: $15,270
Minimum Credit Score: 680
Minimum Income: $24,000
Fees: None

Details

Eligible Loans: Private & Federal
Minimum Loan Amount: $5,000
Loan Terms: 5, 7, 10, 15, 20 years
Borrower Residency: All states, except ME, ND, NV, RI, WV
Unemployment Protection: Yes
Co-signer Option: Yes

Overview

Variable Rates: 2.50% - 6.40%
Fixed Rates: 3.25% - 6.95%
Average Savings: N/A
Minimum Credit Score: 680
Minimum Income: $75,000
Fees: -

Details

Eligible Loans: Private & Federal
Minimum Loan Amount: $5,000
Loan Terms: 5 - 15
Borrower Residency: All states
Unemployment Protection: -
Co-signer Option: Yes

Overview

Variable Rates: 2.69% - 6.01%
Fixed Rates: 3.09% - 6.69%
Average Savings: N/A
Minimum Credit Score: 680
Minimum Income: $35,000
Fees: None

Details

Eligible Loans: Private & Federal
Minimum Loan Amount: $15,000
Loan Terms: 5, 7, 10, 15, 20 years
Borrower Residency: All States
Unemployment Protection: Yes
Co-signer Option: Yes
3.46% - 7.28%
680 (620 with a co-signer)

Overview

Variable Rates: 3.46% - 7.24%
Fixed Rates: 3.50% - 7.28%
Average Savings: $18,423
Minimum Credit Score: 680 (620 with a co-signer)
Minimum Income: $42,000 ($0 with a couple loan)
Fees: None

Details

Eligible Loans: Private & Federal
Minimum Loan Amount: $7,500
Loan Terms: 5, 8, 12, 15 years
Borrower Residency: All states
Unemployment Protection: Yes
Co-signer Option: Yes

Overview

Variable Rates: 2.80% - 5.90%
Fixed Rates: 3.37% - 7.02%
Average Savings: $20,200
Minimum Credit Score: 680
Minimum Income: None
Fees: None

Details

Eligible Loans: Private & Federal
Minimum Loan Amount: $5,000
Loan Terms: 5, 7, 10, 15, 20 years
Borrower Residency: All states
Unemployment Protection: Yes
Co-signer Option: Yes
1.95% - 3.95%
Excellent

Overview

Variable Rates: -
Fixed Rates: 1.95% - 3.95%
Average Savings: -
Minimum Credit Score: Excellent
Minimum Income: -
Fees: -

Details

Eligible Loans: Private & Federal
Minimum Loan Amount: $40,000
Loan Terms: 5, 7, 10, 15 years
Borrower Residency: Only for the residents of New York City, San Francisco, Palo Alto, Los Angeles, Newport Beach, San Diego, Portland (Oregon), Boston, Palm Beach (Florida) or Greenwich
Unemployment Protection: -
Co-signer Option: Yes

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