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How does the ScholarPoint Payment Calculator determine rates for Federal consolidation loans?

April 26, 2017calculator consolidation determine Federal Loans payment rates scholarpoint

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How does the ScholarPoint Payment Calculator determine rates for Federal consolidation loans?

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• First it determines the average wieghted interest rate of loans that are entered and rounds it up to the nearest one-eighth percent (.00125). • The base rate assumes the borrower has variable loans to be consolidated that were originally disbursed between July 1, 1998 and July 1, 2006.