Student Loan Refinance Calculator
Use our simple refinance calculator to line up your current loan(s) next to a potential new one and compare them side by side. It's all about giving you clarity and control, so you can make a confident choice that fits your life.
Need to finance a new loan?
Should I Refinance My Student Loans
If you’re looking to save money on your student loans, refinancing might be a smart move. When you refinance, you replace your existing loans with one new loan, ideally at a lower interest rate. That could mean lower monthly payments or less paid in interest over time.
Refinancing with a private lender like College Ave is simple. You take out a new loan for the full balance of your current student loans, we pay off your old debt, and you start fresh with one easy monthly payment. Plus, if your credit has improved since you first borrowed, or if interest rates have dropped, you could qualify for a better rate that puts more money back in your pocket.
Footnotes
Calculations are estimates only. Your actual monthly payment amounts, interest rate, and payment schedule may vary from the results shown and will be based on terms in effect at the time your loan is approved. The interest rate for your loan may be based, in part, on whether you have a creditworthy cosigner. Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate. Your interest rate may be higher without a creditworthy cosigner.