Using this Calculator:

1. List all of your current Education loans
2. Modify your Interest options
3. Calculate your repayment schedule

Step 1: List your current Loans 

To calculate your new Consolidation Loan term, and Loan amount:

1. Enter the Loan Balance and Interest Rate in the Loan Information section:
2. Select whether to consolidate the loan you entered the Balance and Interest Rate for in step 1.
   
   If you don't want to consolidate a loan, its Loan Balance is still used to calculate the term for your Consolidation Loan. The loan's balance will not be added to your Consolidation Loan balance.
3. Select the Loan Type of the loan you entered the Balance and Interest Rate for in step 1.
   
   There are several types of loans:
   • Federal Education Loans, including:
     • Federal PLUS (Parent) Loans
     • Federal Stafford Loans, unsubsidized and subsidized [including Guaranteed Student Loans (GSL)]
     • Federal Supplemental Loans for Student (formerly Auxiliary Loans to Assist Students/ALAS and Student PLUS Loans)
     • Federal Perkins Loans, formerly National Defense/National Direct Student Loans (NDSL)
     • Federal Insured Student Loans (FISL)
     • Federal Consolidation Loans, unsubsidized and subsidized
     • Health Professions Student Loans, including Loans for Disadvantaged Students
     • Nursing Student Loans
     • Direct PLUS, Consolidation, and Stafford Loans
   • HEAL Loans, including:
     • Health Education Assistance Loans
   • Private Loans, including:
     • Student loans from private lenders.
4. Click on the button to add these items to the list of your Education Loans

If you want to remove a loan from the list, click on the button under the "Consolidate?" column in the list.

Step 2:Modify your Interest Option (and your loan options, for comparison) 

Borrowers who use auto-debit are eligible for a .25% interest rate reduction. You will have to opt-in to use this once you have consolidated. Call our representatives for more information

You may also check other repayment options by modifying your Consolidation Loan Amount, Interest Rate, and Consolidation Term. Click on the button to return to the previously calculated values.

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Step 3: Calculate your repayment schedule 

Click on the button to calculate your loan payments.

For each of our payment plans (Level, Select/2, and Select/5), you should see:

• Monthly Payment: The amount due each month on your Consolidation Loan.
• Total Interest: The amount you will pay in Interest on the loan, during the Loan term.
• Old Cost: (if applicable) The amount you would expect to pay for all of your current loans, over the same term.
• Our Loan Cost: The amount you will pay, total, with our Consolidation Loan
• Savings:(if applicable) The amount you will save, over the term of the loan, when compared to the "Old Cost".

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