![]() Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. Keep in mind that the lowest advertised rates are reserved for customers with the highest credit scores. Many lenders provide estimates without requiring a hard credit check, which could otherwise negatively affect your credit score.īut you can also take a look at current refinance rates and enter an average or likely rate without getting a customized estimate first. This calculator will be most useful if you have already received personalized interest rate estimates from refinance lenders. Related: Best Student Loan Refinance Lenders Student Loan Refinance Calculator ![]() Use the calculator below to estimate your new monthly payment and interest costs, and to find out how much you could save by refinancing your student loans. ![]() That makes it important to ensure that will save enough money to make refinancing worthwhile. The goal of refinancing student loans is to pay a lower interest rate, particularly if your credit score, income and other financial factors qualify you for better loan terms than you originally received. When you refinance student loans, a lender pays off the loans you’ve chosen to refinance and issues a new loan for their total balance, which comes with a different interest rate and repayment term. ![]()
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