Student Loan Consolidation CalculatorUse the student loan consolidation calculator to see if consolidating your loans into one Direct federal student loan will benefit you. You may consolidate federal student loans as long as one of them is either a Direct federal student loan or an FFELP loan.
Other loans eligible for Direct loans consolidation (with a Direct or FFELP loan) are:
Enter the number of loans you wish to include for consolidation and click, "Go". You will then need to supply the amounts and interest rates to get your new loan rate. The interest rate that was calculated (using a weighted formula) will only apply if it is less than 8.25%. Federal student loan consolidation is capped at that rate. The consolidation interest rate might be lower than on one or more loans, but this does not mean that consolidation is the right move, for instance- some loans have the interest deferred when they are in a loan deferment status, but they will lose this benefit if they are consolidated. Federal consolidation offers several loan payment formulas:
Some of these payment plans are not available if you include a PLUS loan in the loan consolidation. It is possible to consolidate federal loans if your loan status is in its grace period, already in repayment (although you will lose any benefits from having already made some payments), in deferment, and even (with some conditions) in default. You cannot consolidate any loans that are still in an in-school status. State student loan forgiveness programs 
The student loan consolidation calculator allows you to check different combinations of loans to include- you are not required to consolidate all of them- to see which if any will help you the most. return from student loan consolidation calculator to federal student loans return from student loan consolidation calculator to college loan consultant homepage
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