Student Loan Consolidation Rates & Terms
Check out these options based on a 5, 10, 15 or 20–year, $10,000 loan1


  Interest Rate APR Projected Monthly Payment Total Cost of Loan
Fixed        
5 Year X.XXX% – X.XXX% X.XXX% – X.XXX% $XX.XX – $XXX.XX $XX,XXX.XX – $XX,XXX.XX
10 Year X.XXX% – X.XXX% X.XXX% – X.XXX% $XX.XX – $XXX.XX $XX,XXX.XX – $XX,XXX.XX
15 Year X.XXX% – X.XXX% X.XXX% – X.XXX% $XX.XX – $XXX.XX $XX,XXX.XX – $XX,XXX.XX
20 Year X.XXX% – X.XXX% X.XXX% – X.XXX% $XX.XX – $XXX.XX $XX,XXX.XX – $XX,XXX.XX
Variable        
5 Year X.XXX% – X.XXX% X.XXX% – X.XXX% $XX.XX – $XX.XX $XX,XXX.XX – $XX,XXX.XX
10 Year X.XXX% – X.XXX% X.XXX% – X.XXX% $XX.XX – $XX.XX $XX,XXX.XX – $XX,XXX.XX
15 Year X.XXX% – X.XXX% X.XXX% – X.XXX% $XX.XX – $XX.XX $XX,XXX.XX – $XX,XXX.XX
20 Year X.XXX% – X.XXX% X.XXX% – X.XXX% $XX.XX – $XX.XX $XX,XXX.XX – $XX,XXX.XX

Application and Solicitation Disclosure

Fixed 5 Year

Interest Rate: X.XXX% – X.XXX%
X.XXX% – X.XXX% APR
Projected Monthly Payment: $XX.XX – $XXX.XX
Total Cost of Loan: $XX,XXX.XX – $XX,XXX.XX


Variable 5 Year

Interest Rate: X.XXX% – X.XXX%
X.XXX% – X.XXX% APR
Projected Monthly Payment: $XX.XX – $XX.XX
Total Cost of Loan: $XX,XXX.XX – $XX,XXX.XX




Fixed 10 Year

Interest Rate: X.XXX% – X.XXX%
X.XXX% – X.XXX% APR
Projected Monthly Payment: $XX.XX – $XXX.XX
Total Cost of Loan: $XX,XXX.XX – $XX,XXX.XX


Variable 10 Year

Interest Rate: X.XXX% – X.XXX%
X.XXX% – X.XXX% APR
Projected Monthly Payment: $XX.XX – $XX.XX
Total Cost of Loan: $XX,XXX.XX – $XX,XXX.XX




Fixed 15 Year

Interest Rate: X.XXX% – X.XXX%
X.XXX% – X.XXX% APR
Projected Monthly Payment: $XX.XX – $XXX.XX
Total Cost of Loan: $XX,XXX.XX – $XX,XXX.XX


Variable 15 Year

Interest Rate: X.XXX% – X.XXX%
X.XXX% – X.XXX% APR
Projected Monthly Payment: $XX.XX – $XX.XX
Total Cost of Loan: $XX,XXX.XX – $XX,XXX.XX




Fixed 20 Year

Interest Rate: X.XXX% – X.XXX%
X.XXX% – X.XXX% APR
Projected Monthly Payment: $XX.XX – $XXX.XX
Total Cost of Loan: $XX,XXX.XX – $XX,XXX.XX


Variable 20 Year

Interest Rate: X.XXX% – X.XXX%
X.XXX% – X.XXX% APR
Projected Monthly Payment: $XX.XX – $XX.XX
Total Cost of Loan: $XX,XXX.XX – $XX,XXX.XX


Application and Solicitation Disclosure

< Estimate My Rate

1 APR or "annual percentage rate," projected monthly payments, and total cost of loan examples are based on a $10,000 loan disbursed in one disbursement with either 5–year, 10–year, 15–year or 20–year repayment. The examples assume a 0.25% interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account. The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan. Variable APR rates may increase or decrease depending on fluctuations in the London Interbank Offered Rate (LIBOR) index. Monthly interest rate accrual is based on the published One–Month London Interbank Offered Rate ("LIBOR") as of the last business day of the previous month plus your applicable margin. As of July 31, 2017 the One–Month LIBOR rate is 1.23%.

Things to Consider When Refinancing or Consolidating

Choosing to consolidate/refinance student loans should only be done after careful consideration. While the EDvestinU® Consolidation Loan can potentially lower a borrower’s monthly payment obligation by reducing their interest rate and/or extending the repayment term of their loan, borrowers should be thoughtful about which loans they would like to include in the consolidation.

Is consolidating right for me?

The decision about whether or not to consolidate student loans varies from borrower to borrower. We often find that borrowers are looking to lower their monthly payment. This is typically done in two ways: a lower interest rate and/or an extended repayment term. In both cases the monthly payment obligation would be reduced, therefore making repayment of the loan more manageable on a monthly basis. However, extending a repayment term will result in a higher total cost of a loan. For some borrowers, the decision to refinance may also be an effort to remove a cosigner from a loan or to refinance multiple variable or fixed rate loans into a single, new loan, therefore eliminating monthly payments to multiple servicers.

What are the differences between a Federal Consolidation Loan and an EDvestinU Consolidation Loan?

A Federal Consolidation Loan provides a borrower the possibility of receiving an extended term on their Federal loan but cannot result in a reduced interest rate. The new interest rate is simply a weighted average of the interest rates on the loans being consolidated.

In addition, consolidating Federal loans into a Federal Direct Consolidation Loan allows borrowers the simplicity of paying one Federal loan servicer while maintaining any potential Federal benefits (such as loan forgiveness, special deferments, income–driven repayment options, interest subsidy, etc.).

An EDvestinU Consolidation Loan allows a borrower to consolidate both Federal and private student loans into one single new loan with a new interest rate and repayment term.

By choosing to consolidate Federal Student Loans into a new EDvestinU Consolidation Loan, the borrower understands:

  • Any remaining grace period on Federal or private student loans may be forfeited.
  • Any borrower benefits associated with their Federal and/or private loans are forfeited in favor of the benefits offered through EDvestinU.
  • Any potential option of income–driven repayment on their Federal loans is forfeited.

Borrowers should research what Federal Student Loan benefits they may be eligible for before choosing to include these loans in an EDvestinU Consolidation Loan. We encourage you to speak with your Federal loan servicer and/or research the options discussed here.

If you have questions about whether the EDvestinU Consolidation Loan is right for you, we encourage you to call 855.887.5430 today and speak with one of our loan counselors.


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