Student Loan Tools

Student loan debt affects over 43 million Americans, with an average balance exceeding $37,000. Refinancing can save thousands in interest for borrowers who qualify for lower rates, but it comes with significant trade-offs — especially for federal loan holders who would permanently lose access to income-driven repayment plans, Public Service Loan Forgiveness (PSLF), and federal forbearance protections. Our student loan refinance calculator provides a clear side-by-side comparison of your current loan terms versus a refinanced option, including exact monthly savings, total interest reduction, and the break-even timeline to recoup any refinancing fees. The tool also surfaces a recommendation based on your specific numbers so you can make an informed decision. Whether you hold private loans (where refinancing is often a straightforward win) or federal loans (where the decision requires careful consideration of non-financial benefits), our calculator gives you the complete picture before you commit.