Student Loan Refinance Calculator
Compare your current student loan against private refinancing offers. Understand the trade-offs between federal protections and lower rates.
=� Current Student Loan
( Private Refinance Offer
Many lenders offer $0 origination fees
� Important: Federal Loan Protections
Refinancing federal student loans into a private loan means you'll lose important federal benefits:
- Income-driven repayment plans (IBR, PAYE, REPAYE)
- Public Service Loan Forgiveness (PSLF) eligibility
- Deferment and forbearance options
- Potential loan forgiveness programs
Only refinance federal loans if you're confident you won't need these protections.
Consider Refinancing (with caution)
You could save $5,492.12 over the life of the loan. However, carefully weigh this against losing federal loan protections. Only proceed if you have stable income and don't anticipate needing income-driven repayment or PSLF.
Disclaimer: This calculator is provided as-is for educational purposes. Results are estimates based on the information you provide. Actual loan terms, rates, and savings may vary. Consider your personal financial situation and the value of federal loan protections before refinancing. Always consult with a financial advisor before making student loan refinancing decisions.
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