What is the interest rate on a Federal consolidation loan?
The fixed interest rate for your Chase Loan Consolidation Program loan is based on the weighted average of the interest rates of the loans you consolidate (rounded up to the nearest 1/8th percent) or 8.25% which ever is lower. For individuals with variable rate Stafford loans disbursed between 7/1/98 and 6/30/06, and who are now in the repayment period, this interest rate would be 7.25%. By taking out a consolidation loan now, you can LOCK IN this 7.25% rate, thereby eliminating the worry that variable rate Stafford loan rates will go up in the future.
The fixed interest rate on your Medical School Loans consolidation loan is the weighted average of the interest rates of the loans you consolidate, rounded up to the nearest 1/8th percent. For information on your exact current and possible future interest rates, please call a federal loan specialist at 800.821.5659.
The fixed interest rate on your EdFed consolidation loan is the weighted average of the interest rates of the loans you consolidate, rounded up to the nearest 1/8th percent. For information on your exact current and possible future interest rates, please call a federal loan specialist at 800.821.5659.
The fixed interest rate on your Law School Loans loan is based on the weighted average of the interest rates of the loans you consolidate (rounded up to the nearest 1/8th percent). For information on your exact current and possible future interest rates, please call a federal loan specialist at 800.659.8344.
