Want to see how much you could lower your student loan payments each month by consolidating? Use this calculator to estimate your monthly consolidated student loan payment.

When you consolidate, you can bundle all your eligible federal student loans into a single, easy-to-manage loan with one convenient monthly payment. And by consolidating now, you can lock in one low, fixed rate for your consolidation loan.

In order to calculate your new consolidated rate and monthly payment, enter the loan amount and interest rate for each of the loans you want to consolidate in the calculator below. If you’re unsure of your current interest rates, you can refer to our Stafford and PLUS interest rate guide. Please be sure to enter your base interest rate and not a rate that includes special discounts you may have with your current lenders.

Your new consolidated interest rate and monthly payment will calculate automatically as you enter your loan information.

Please note that these calculations are estimates only, and your actual consolidated interest rate will depend on verification by your current lenders of the interest rates on the loans you’re consolidating.

Not sure about your interest rates? Use this guide to help find your rates.