Skip to main content

Student Loan Refinance Calculator

Use your existing loan information to determine your Reset Refinance Loan options.

The Reset Refinance Loan can help you repay your student loans at a better rate or more affordable payment or it can simplify repayment by allowing you to work with one lender. Use this calculator tool to see what different terms and rates would mean for you financially.

If you're ready for something more specific, you may pre-qualify for the Reset Loan to learn the exact rate you qualify for with no impact to your credit score.

Note: These calculator results are for informational and educational purposes only and should not be used for the in-school refinance loan, which does not require immediate repayment of principal and interest. The results are estimates only. They assume a fixed interest rate, a standard repayment plan and payments made on the due date and in full each month.

Enter the requested information on your current loans for the most accurate results.

Loan One
Current balance must be entered and numeric.
Current balance of first loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of first loan
Current monthly payment must be entered and numeric.
Current monthly payment on first loan
Loan Two
Current balance must be entered and numeric.
Current balance of second loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of second loan
Current monthly payment must be entered and numeric.
Current monthly payment on second loan
Loan Three
Current balance must be entered and numeric.
Current balance of third loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of third loan
Current monthly payment must be entered and numeric.
Current monthly payment on third loan

Add up to three additional loans.

Loan Four
Current balance must be entered and numeric.
Current balance of forth loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of forth loan
Current monthly payment must be entered and numeric.
Current monthly payment on forth loan
Loan Five
Current balance must be entered and numeric.
Current balance of fifth loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of fifth loan
Current monthly payment must be entered and numeric.
Current monthly payment on fifth loan
Loan Six
Current balance must be entered and numeric.
Current balance of sixth loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of sixth loan
Current monthly payment must be entered and numeric.
Current monthly payment on sixth loan

Add up to three additional loans.

Loan Seven
Current balance must be entered and numeric.
Current balance of seventh loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of seventh loan
Current monthly payment must be entered and numeric.
Current monthly payment on seventh loan
Loan Eight
Current balance must be entered and numeric.
Current balance of eighth loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of eighth loan
Current monthly payment must be entered and numeric.
Current monthly payment on eighth loan
Loan Nine
Current balance must be entered and numeric.
Current balance of ninth loan
Current interest rate must be a numeric value greater than zero.
Current interest rate of ninth loan
Current monthly payment must be entered and numeric.
Current monthly payment on ninth loan

Your Results

Compare your current payment amounts and the estimated total amount you will repay with your current loans to the estimated amounts with different Reset Refinance Loan options.

Your Current Loan(s)

Reset Refinance Loan Options

5-Year Repayment Term

5.39%–8.64% APR

–

–

to

7-Year Repayment Term

5.64%–8.89% APR

–

–

to

10-Year Repayment Term

5.90%–9.14% APR

–

–

to

15-Year Repayment Term

6.15%–9.40% APR

–

–

to

20-Year Repayment Term

6.40%–9.65% APR

–

–

to

Actual payments may vary based on the interest rate at the time of repayment, the type of repayment program selected and other factors known only at the time of repayment. The actual amount of monthly payments is provided to borrowers on a repayment schedule or a Truth in Lending Act disclosure, as applicable. The use of the calculator does not constitute financial advice nor is it an offer for a loan as all loans are subject to credit approval.

What You Should Know

Beginner’s Guide to Refinancing Your Student Loan

Repaying student loans can be stressful but refinancing may help make your life a bit easier. Continue reading article.

Should I Refinance My Parent PLUS Loans?

Parent PLUS loans are pretty easy to get and many schools "packaged" these loans for parents into students' financial aid offers. Those conveniences come with a hidden price, though. Continue reading article.

Managing Student Loan Payments While Savings

How do you plan for the unexpected, while also saving for the future, your family, or even retirement, all while paying off student loan debt? Continue reading article.

Should I Refinance My Student Loans Before Graduating?

Are you facing high interest rates on student loans with months (or years) to go before you have to start paying them back? Continue reading article.