Student Loan Refinance Calculator

Refinancing replaces your current loan with a new one at a different rate, term, or both. A lower payment and a lower total cost are not the same thing, so this shows you both.

This calculator is provided for informational and educational purposes only. The results are hypothetical, are based solely on the figures you enter and the assumptions stated on this page, and do not account for taxes, fees, or your individual circumstances unless specifically noted. They are not a projection or a guarantee of future results, and they are not tax, legal, or accounting advice. Nothing on this page is an offer or a solicitation to buy any product. Please consult a qualified tax or legal professional about your situation. Nothing you enter is transmitted or stored. All figures remain in your browser and are cleared when you close this page. Refinancing federal student loans into a private loan generally forfeits federal protections, including income driven repayment plans, deferment options, and any forgiveness programs. This calculator does not account for those losses, for origination fees, or for eligibility requirements.