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Consolidated Loans reduce the total monthly payment amount by combining
outstanding student loans into one new loan. Consolidation creates a new
promissory note. The consolidation may result in fewer deferment options
and a higher interest rate. The repayment period may be up to 30 years,
depending upon the amount to be repaid. To compare repayment terms between
multiple standard loans and the resulting consolidated loan, use this simple
comparison calculator below.
First, tell us what loans you currently
have. Click "Enter Another" to add another loan to consolidate
(you must have at least two), or the "Done" button
if this is your last loan to add.
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