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** Current estimated payment example uses a 5.30% interest rate under standard 10-year repayment plan. Payment amounts with your new loan are calculated under the Federal Consolidation Program Level Repayment Plan using an example interest rate of 4.75% with extended payment terms and assumes you consolidate during your grace period. Your actual rate and payment may vary.
How low can your payments be? Here are a few examples:
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Current Loan Amount
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$25,000
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$40,000
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$60,000
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Current Estimated Monthly Payment
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$269
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$430
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$645
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Estimated payment after Consolidation
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$161
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$228
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$313
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Monthly Reduction of:
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$108 (40%)
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$202 (47%)
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$332 (51%)
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Complete this form to begin the student loan consolidation process.
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