Consolidating federal student loans calculator

Payment after consolidation takes a weighted average of the interest rates entered, and calculates monthly payment based on a set repayment term (number of months in repayment).

Repayment term is determined by a student's total education indebtedness where the term increases as loan balance increases (see chart below).

Payment before refinancing is the sum of monthly payments for all private loans and assumes a 15-year repayment term.

consolidating federal student loans calculator-87

Consolidating federal student loans calculator

To use this calculator, you need your loan amounts, interest rates and your credit rating. We cannot and do not provide any guarantees, conditions or warranties as to result accuracy or applicability to the user’s particular circumstances.

* Disclaimer: This calculator is provided for informational purposes only.

The Sooner Credit amount contributed for each employee is prorated based on their full-time equivalency (FTE) as shown below. Employees who are unable to have an account at a financial institution will receive their pay on a Pay Card.

Alternative to Direct Deposit: Employees that do not provide direct deposit information will receive their wages deposited on the Key2Prepaid Pay Card through Key Bank.

You can find PDF versions of your earnings statements in Employee Self-Service two days before pay day.

Full and part-time employees classified to work between 20 and 40 hours per week are eligible for benefits. 292.12) requires that state employees receive their paychecks electronically through direct deposit to a checking or savings account.

It is the responsibility of the user to verify that all of the output and resulting calculations are correct.

This calculator should not be used by anyone to make material financial decisions and should be used solely for informational purposes.

Also, you might lose eligibility for certain cancellation or forgiveness programs, especially if you are including Perkins Loans in the Consolidation.

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