The Student Loan Consolidation and Debt Payoff calculator applies two simple principles to paying off your Debt; Consolidate your student loans, and use the monthly savings to pay off your other outstanding debt.
However, a plan is still needed to get the debt paid in full.
You need to pay off bad debts as quickly as possible.
If you have multiple loans/debts, you might also find our Accelerated Debt Payoff Calculator and Debt Consolidation Calculator useful.It will also tell you the total monthly repayment and the overall interest rate - allowing you to compare this rate with the rates offered by a debt consolidation loan.Please note: The Debt Consolidation Calculator data is indicative only, and provides an estimate based on the figures that you provide. It will also tell you the overall interest rate, to compare with loans used to consolidate debts.Enter all of your outstanding debts one by one, giving each a name or reference, like "Credit Card" or "Overdraft".