Student Loan Refinance vs. Consolidation Calculator

Your Loans

Add each loan (rough estimates are fine).

Tip: many borrowers have 3-8 loans

Primary Goal

Public/Nonprofit job or planning PSLF/IDR?

Assumed Private Refi APR (%)

Refi Term (years)

Refi Fees (optional, $)

Show variable-rate stress test (+1% and +2%)

What's the difference?

Federal Consolidation combines federal loans only. Rate is a weighted average rounded up to the nearest 1/8%. Extending the term can increase total interest even when the payment drops.

Private Refinance replaces loans with a new private loan (often lower rate) - but you lose federal protections like PSLF, IDR plans, generous forbearance, and TPD rules.

This tool is educational and not financial, legal, or tax advice.

Refinance or Consolidate? See Your Best Path in 30 Seconds.

Your Loans

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What's the difference?

Summary

Loan Details

Scenarios

Refi Sensitivity (APR ±0.5%, Term ±1 year)

Lender Readiness Checklist