Finance Tools
Student Loan Consolidation Calculator
Estimate student loan consolidation by calculating the weighted average APR (with optional Direct Consolidation rounding) and an estimated repayment term.
Estimate your student loan consolidation terms by combining multiple loans into one balance and calculating the weighted average interest rate. Optionally apply Direct Consolidation rounding (rounded up to the nearest 1/8 of 1%) and estimate a repayment term based on total balance.
How to use this student loan consolidation calculator
- Enter each loan balance and APR to calculate a weighted average interest rate.
- Optionally apply Direct Consolidation rounding (rounded up to the nearest 1/8 of 1%).
- Choose an estimated term automatically based on total balance or set your own term.
- Calculate your estimated monthly payment, total repaid, and total interest.
Example
If you have multiple student loans with different balances and rates, this tool can estimate:
- Total consolidated balance
- Weighted APR (and rounded APR if enabled)
- Estimated monthly payment and total interest
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