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6 Best Banks to Refinance and Consolidate Student Loans in 2018 Save Money Now

Weighted Average Interest Rate Calculator

This simple Weighted Average Interest Rate Calculator allows student loan borrowers to calculate the weighted average interest rate of their student loans.

A weighted average interest rate is used when consolidating federal student loans with a Direct Consolidation Loan. For a Direct Consolidation Loan, the weighted average of the interest rates of all loans will be rounded up to the nearest one-eighth of a percentage point.

Interest rate

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Interested in refinancing student loans?

Here are the top 6 lenders of 2018!
LenderRates (APR)Eligible Degrees 
Get real rates from up to 4 Lenders at once


Check out the testimonials and our in-depth reviews!
2.63% – 7.75%Undergrad
& Graduate		Visit SoFi
2.57% – 6.32%Undergrad
& Graduate		Visit Earnest
2.80% – 7.02%Undergrad
& Graduate		Visit Laurel Road
2.68% – 8.79%Undergrad
& Graduate		Visit Lendkey
2.57% – 6.65%Undergrad
& Graduate		Visit CommonBond
2.62% – 8.69%Undergrad
& Graduate		Visit Citizens
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.