Credit Cards & Debt

Student Loan Consolidation and Debt Payoff Calculator

Compare your current student loans against a single consolidated loan to see the new payment, payoff timeline and interest impact.

Inputs

Total debt to consolidate

Current average rate

Current total monthly payment

Consolidation loan rate

Consolidation term (years)

Estimates only. Change any value to recalculate instantly.

Interest you could save $937 new payment $388.57/mo

New monthly payment $388.57

New total interest $11,629

Current total interest $12,565

New payoff time 10.0 yrs

Total interest compared

Consolidated $12k
Current debts $13k

Consolidating these student loans saves about $937 and replaces several payments with one. Note that consolidating federal loans can affect access to forgiveness and income-driven repayment — check before you do.

Consolidated loan amortizationView table

Year	Principal	Interest	Balance
1	$2,635	$2,028	$32,365
2	$2,797	$1,866	$29,568
3	$2,970	$1,693	$26,599
4	$3,153	$1,510	$23,446
5	$3,347	$1,316	$20,099
6	$3,554	$1,109	$16,546
7	$3,773	$890	$12,773
8	$4,005	$657	$8,767
9	$4,253	$410	$4,515
10	$4,515	$148	$0

How this calculator works

This calculator runs entirely in your browser — nothing you enter is sent anywhere, and there is no sign-up. Change any input and the result, breakdown, and schedule update instantly.

Rate and cost fields are pre-filled with current benchmarks (Federal Reserve / Freddie Mac via FRED (St. Louis Fed)), so your first result is already realistic — replace them with your own quote to see your numbers. To weigh one option against another, use the loan comparison calculator.

Common questions

Is this calculator free, and do I need to sign up?

Yes and no — it is completely free and asks for no account or personal details. Every calculation happens in your browser, so nothing you type is stored or sent to us.

How accurate are the results?

The math is exact for the inputs you give it, but the defaults are national benchmarks — your real rate, fees, taxes, and insurance will differ. Treat the result as a close estimate to refine with a real quote.