Should I refinance my student loans?

Refinancing to a lower rate can save money, but refinancing federal loans into a private loan forfeits federal protections like income-driven repayment and forgiveness.

Savings depend on the rate difference and remaining balance. This calculator shows your monthly and total interest savings.

Student Loan Refinance Calculator

See how much you can save by refinancing your student loans.

Enter Your Details

Loan Balance

Current Rate

New Rate

Term (years)

Monthly Savings

$49.88

Total Interest Saved

$5,985.63

New Monthly Payment

$414.55

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