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Student Loan Consolidation Repayment Calculator
If you know all the balances and corresponding interest rates, please complete the section below to determine your estimated consolidation loan interest rate. Or have one of our experienced Education Loan Counselors secure the information for you by calling 1-800-798-0779 24 hours a day.
With the consolidation package available through the Academic Lending Center, you have the ability to reduce your monthly payments by up to about 45% and LOCK IN a fixed rate for the life of your loan as low as:
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6.625% for Federal Stafford borrowers in grace/deferment. |
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7.25% for Federal Stafford borrowers in repayment. |
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8.0% for PLUS loans. |
You can reduce your rate AN ADDITIONAL .25% when you follow repayment guidelines. Here is how to secure a lower rate for Student Loan Consolidation:
| Federally set interest rate is.... | 7.25% ¹ |
| Sign up for automatic payment deductions (ACH) for a further reduction.... | -(.25%) ² |
| Your new interest rate.... | 7.00% |
If you consolidate your student loans in Grace...your interest rate could be further reduced to 5.375%!
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