EDvestinU® Consolidation Savings & Payment Calculator

EDvestinU's Savings & Payment Calculator can help you estimate your monthly payment amount, and overall monthly savings. Get started by selecting the total loan amount you would like to consolidate.



$7,500
$200,000

Borrowers may only consolidate loans exceeding $125,000 if all loans included were originated by the New Hampshire Higher Education Loan Corp.

How much do you pay toward your student loans each month?

$

You must enter a positive payment amount in the field above.

Consider applying with a cosigner to increase your chance of approval – especially if you have a limited credit history. EDvestinU's Consolidation Loan Program offers a cosigner release1 after 36 months of consecutive on–time payments. Will you have a cosigner?

1Cosigner Release allowed if an account is in current standing, after 36 months of consecutive and on–time payments with a borrower FICO greater than 699 and minimum income requirement of $30,000 for loan balances up to $100,000, and income requirement of $50,000 for loan balances over $100,000 with no foreclosures, repossessions, wage garnishments, unpaid judgments or other public records having an open balance exceeding $100 during the last 7 years. Borrowers must also have a debt–to–income ratio of 43% or less and not currently be involved in bankruptcy proceeding or had any bankruptcy filings during the past 10 years and cannot have any defaults on education loans.

EDvestinU relies in part on your credit score* or your cosigner’s (if applicable) to determine eligibility for the EDvestinU Consolidation Loan. The higher your FICO® score, the lower your cost of borrowing. Rate your cosigner’s credit score.



*Credit scores may come from varying sources. Those sources may have access to different credit information and use varying scoring methods. EDvestinU uses a FICO® score reported from Transunion.

The EDvestinU Consolidation Loan allows borrowers to choose either a 5, 10, 15, or 20 year repayment length. A longer repayment term can mean lower monthly payments, but it often means you are paying more in the long run. Keep in mind, you always have the option of paying the loan off faster than your chosen repayment length and you'll never pay a penalty for doing so. In fact, we encourage it!


I would like a:

Thank you for using the EDvestinU Consolidation Savings & Payment Calculator.
Below you'll see an estimate of your Annual Percentage Rate (APR) based on your self–reported credit score range and other factors. You'll also see how much you could be expected to repay on your education loans each month and the overall cost of borrowing. Hoping to reduce the cost of borrowing? By using Autopay1 to have your monthly payments automatically withdrawn from your bank account, you'll save an additional xx%.

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Based on the information you provided, there doesn’t appear to be monthly savings through consolidation. However, there may be additional benefits to consolidating such as:

  • Releasing a cosigner
  • Reducing the overall cost of your loans by reducing the repayment term
  • Combining multiple student loans into one loan with one bill and one monthly payment
  • Receiving high quality, personalized customer service from a nationally recognized nonprofit